bulk commodities will still shine.., page-26

no matter what tata do, the rail capacity is just that- 20mT. unless it is expanded which costs money for the operator. i guess tata were after 3-4mT capacity that riv is likely to get. they might sell another 5mT thermal coal to domestic power station. if they had a bigger rail system in place then yes RIV would be fine value.

barging requires a $6bn capital investment to build waterways and so forth.

australian coal companies are doing well. australia has infrastructure (rail), and ports are blocked but they are developed, and expanding

Gloucester coal is targeting 2.8mT export coal, and they are valued at about $650m by the market today. Whitehaven is worth about $1.3bn and has 10mT+ slated for export. RIV is worth this amount, so needs to prove up higher export guidance than 2-3mT allocation it will get.