distef, go to page 60 of the cable the day that broker issued the report. There you'll see a bar chart of the production numbers they're using. Through to 2020 the assumption is for production of just under 10 million tonnes of all types of coal in both South Africa and Mozambique. The broker has to go with the conservative figures given out by the company. As boxes are ticked on the project the forward production numbers will increase greatly on those presumed and the valuation by this broker will increase accordingly.
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
