Good question, and I have given it much thought. My gut keeps telling the the RIV tennaments are too rich for there to be only one bidder. We know that coking coal is difficult to find; much harder to find that iron ore for example.
Tete has the size and quality to be a major world supplier, and we have a company up for grabs that has outstanding areas there.
Given all the other T/O's of coal assets in the past 12 months, if there is no other bidder for RIV, then it will truely be a unique corporate play. I don't believe this will happen.
My gut tells me $18 - $20.
Cheers, Skip
RIV Price at posting:
$17.03 Sentiment: Sell Disclosure: Held
