RIV riversdale mining limited
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some more silly numbers for you...

  1. Billy Gatess
    5,609 Posts.
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    30/05/08
    15:17
    Post #: 3792668
    RIV can mine 20m tonnes pa of coking coal...

    Lets assume they make only $100 per tonne x 20m tonnes =$2b profit pa. [currently conservative given price is $300 pt].
    Put this on a PE X10 and you have a $20b market cap.
    This means the price is a 10 bagger or closer to $100 per share. I see the share split the same as FMG and similar returns in appreciation in the same period of time.
    Think i am wrong????. Perhaps Talbot spending $103m should make us doubt this outcome a lot less. He seems to like making 10-20 times his money.dyor.
    RIV Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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