REY released a BFS on their thermal coal project today.
expecting prodn in 2013 resource 305MT selling 2.5MTPA
5500kcal/kg so lower energy than TVN coal CAPEX $200M operating costs $70 a ton expecting to sell for $100 a ton company cap $84M
NPV $176M
Would think TVN will have a far lower capex guessing $80M and lower OPEX as no port needed and maybe simpler dragline/shovel type mining.
