Maybe...Maybe not... Its the potential size comparison is what brings me to Riv... Quite happy to compare to someone of similar size/grade but can't find one over 4.2bt in Africa.. yet. ...still looking ...
NMR has 4.2Bt as "initial" resource ...definitely not beyond the realms of possibility that their resource could approach the size or even eclipse that of Riv's in sheer tonnage. There are other similarities ...ie lack of/distance to infrastructure early on and approximate 65% Ownership of resource...
In my opinion in two months time we -may- have current jorc x 3.
If this is the case then a RIV comparison would be entirely valid discounting the value of the end product would give us a ballpark value to work with...
So ...What I would like to know...and admit having difficulty finding ... is avg depth of Riv Resource, and the kcal after washing of it thermal product. Lets get the facts on the table ...then we can discount or not.
That's all ...
PS: Deep fried mars bars for me...I'm all class..!
NMR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)