RIV 0.00% $16.20 riversdale mining limited

Billy, I presume there is a resource upgrade coming but it...

  1. 269 Posts.
    Billy, I presume there is a resource upgrade coming but it really couldn't be too much bigger than what was announced a few months ago. There was not enough drilling done in the time. My understanding is that they were doing infill drilling so maybe they would look to book some reserves rather than resource. That way the tonnage might not move up much but the market's comfort that they have what they are appear to have will be increased.
    The really interesting results will come when they start to drill the old AQA tenements. If the results match what Aquila had then that land (much much bigger than Benga) could hold several times what Benga holds. Any idea when the rigs will move over from Benga?
 
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