RIV riversdale mining limited
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i think you guys might want to read this..

  1. Billy Gatess
    5,609 Posts.
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    05/02/08
    08:50
    Post #: 3319881
    I got told yesterday that coking coal was selling for around $275per tonne FOB.

    check out the maths on this puppy

    when RIV producers 10m tonnes pa. cost of say $50 per tonne.
    sells it for $150 per tonne.[$100 UNDER CURRENT PRICE]

    Gross profit of some $100per tonne x 10m tonnes = $1Billion
    PE X 10 = $10B MARKET CAP OR $55 PER SHARE.
    This is the next Fortescue and they already have the $330m in cash to get the thing into production and 1.2billion tonnes of coal on only 2% of their leases. Not hard to figure out.

    The stock will move about but given the current market conditions, its trend remains upwards. dyor.
    RIV Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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