how do you like those apples, page-24

There is no hope that Rico will "secure" Rhodes Ridge.However they are strategically placed to share infrastructure which would result in savings for ece.
IMO there is a good chance that resources can be doubled and at a valuation of $2 per tonne in the ground Rico resources could be worth $300 million for a resource of 150 million tonnes.With 405 million shares on issue that would be 75 cents per share before mining starts. This could be achieved by EFY 2011 if further reserve drilling can be completed quickly.
This is a very conservative figure IMO as the Chinese have been paying up to $5.00 per tonne in the ground.
This is just MOHO. DYOR