talbot buys yet another 2m shares..., page-8

In my opinion, the problem with RIV is not money, funding but railway and port capacity.

Vale has advanced RIV in Mozambique, they got mining license last year, and their first stage target is 20MT per year and a final of 40MT. But the Sena railline for coal allocation is only 8MT a year.

Google earth shows port Beira is also limited with capacity. If RIV trys to barge coal, there is not port facility at the river entrance Chinda.

Anyway, RIV is diry cheap with $1.85 cash backup per share.