msaeed,
2 thumbs up for you. Very well summarised.
Yesterday when i did a research of the tenement location, i saw all the future potential of this company if the deal is finalised. This is not a short term play. However, i find the reward is huge.
Things that excited me are:
1. One of RIV's project (Zambeze project 946L, Indicated coal resources of 1.7 billion tonnes)
2. Benga (65% RIV): 2% of license area contains 4% bllion tonnes coal Resource.
2 of the RTL tenements (3245L and 3246L) are adjacent to RIV's Zambeze and Benga project. Therefore i believe RTL may have the same opportunity to find good quantity and quality of coal within his tenements area.
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