9 billion dollar in situ resource

for just a small part of the tenement

I am happy with a market cap of $36 million being the base. These guys were trading at65c before the tenement was even granted.

RIV have around 1.94 billion tonnes of coal and fully diluted market cap of 1.8 billion - 1.08 ratio

EER have 90 million tonnes and 36 million MC - 2.5 ratio

The difference is lack of knowledge of EER and RIV are more advanced. Aslo EER is near surface open pit wheras RIV is much deeper.

IMO the only way is up

When you look at BWN and RIV it is also likely that an Indian major will come on board to secure their future supply.

This is a serious coal exploration speccie that could fly if management are good at promotion to get fair market value.