Nope. Riley was about 1.5c maximum of the 15c. ($30m cashflow only so maths easy on that bit). The rest was Chalicology. Hoping that CHN, which to that point could do no wrong, had hooked on to something amazing with what VMS had found. So many people pumped the price up on the CHN linkup.
Having said that, Riley is likely open wider and deeper. So 20 shiploads of 45k tonnes could be a lot more. Whether grade is better or not the other issue..
Nope. Riley was about 1.5c maximum of the 15c. ($30m cashflow...
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