increase in reserves, page-7

Isn't it ironical that the talk of a reduced offer and flow through effect of $9.50 as opposed to a 37% increment in reserves?

I am wondering if RIO through their active accumulation of energy asset namely coking coal is just a camouflage for their other intention. They have been consistent and true to their word of small accumulation of assets on their scale and CNA proposal is just clearing the deck of control there.

Dateline - checked
CGNPC cash balance bolstered -checked
Reserve increased - checked
strip ratio lowered so cash cost lowered - checked
Enviromental approval - checked
Rio's reserve down critical level - checked
Rio's announced accumulation asset size - checked
Mining licience approval - pending

Waiting for the last puzzle. As we wait, management is still busy in the background doing more drilling. Anyone's guess if they are infill or exploratory on Pizzaro. The DYL's recent discovery is pointing to this being a potentially new province. Seems a lot going on even if the stockmarket is crumbling. Still waiting for payday.

Retail traders pushing it up and down meantime in tune to the index. Good luck LT holders. Patterson issued a buy recomendation yesterday.