a number of very bullish articles in today's fin review on coal. RIV remains the cheapest on the reserve front imo and lagging well behind the others to date. Most people have been concentrating on the Australian coal sector first. When you consider that a Chinese coal major just paid $3.2b for a company that producers around 4m tpa going to 10m tpa, then there is a lot of room for RIV to be worth a lot more than its current price. The shear significant size and mine life of this asset must attract the majors attention and i believe that 2010 is our year. The market will seriously awake to this company as it becomes clear the infrastructure can be geared up substantially. RIV has billions of tonnes of high quality coal with cheap freight rates into the major markets of India and Brazil. The 2 steel majors on the register are telling the story. RIV has only scratched the surface of their approx 20 leases. There remains open ended possibilities for more corporate deals on these leases imo, so i am staying as an investor. good luck and please dyor.
- Forums
- ASX - By Stock
- RIV
- give me a ticket for an aeroplane
give me a ticket for an aeroplane, page-2
Featured News
Add RIV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online