4 rigs full time..news due

this deposit is going to be a world class coking coal play imo. They could update the market on their latest round of drilling IMO. Its also worth considering that they had around 60mt of coal on just one tiny fraction of one of their leases. The map tends to suggest that they own around the same land holdings as CVRD next door and they have around 2.5b tonnes of coking coal. I am looking for them to drill for the next 2 years and potentially prove up1billion tonnes. I high tonnage production capacity mine with the coking coal price at around $120pt in 08 will see the stock on multiples of the current price. This is exactly how Fortescue started and look what happened to it. I am not suggesting the stock will be $40, but i am suggesting that it could be $10 near production and well north of that when the numbers roll in down the track. I also reckon that few brokers have covered the stock but as it gets bigger, more will. RIV was recently added to the asx300 and by the ways things are looking, it might be added to the asx 200 very soon. Everyone has been focused on the iron ore mines...but where is the coking coal coming from folks? where are these major long term deposits coming from? it takes about 1 tonne of coking coal for every 2 tonnes of iron ore to make steel. India and China are net importers of coal and massive steel manufactures needing new long term supply contracts. Can't help but see this company become a coal major in the next 2 years or taken over. This is my opinion only and it is based on the long term fundamentals and new price targets for coal. dyor.