RIV up 7.5% today. has now risen 50% in past month. RIV ann today from 'Coaltrans' emphasises how rich-in-grade this Mozambique deposit is and how it is cheduled to become the biggest coking-coal mine in existance. The numbers being banded about are phenominal.Long way to go before RIV project gets its final feasability done and still needs to raise capital to get mine infrastructure built. SDM are frontrunners in the design, construction and operation of this bulk handling facility.
IF the RIV project gets the go-ahead then SDM SP will double overnight. Meanwhile the 16% Ffr divs place a baseline under current SP.
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