the biggest coking coal player..

riversdale is clearly the emerging monster in coking coal. The resource is one of the largest in the world and its been stated as being one of the largest undeveloped coking coal plays on the planet. everyone said FMG was nuts at $25 and now its $60+. As this gets closer to development with TATA, the stock should be $20 on the numbers. RIV has already raised over $300m in cash which pays for most of the development of an open cut mine. this has been done with minimal dilution. Coking coal price rise north of 40% just makes for a stronger for longer case. The big miners will be looking at stories like this for long term production security so riversdale justs becomes a target for the majors. I am thinking that CVRD might have a go one day as riversdale is moving quicker than them with potentially more coal on their leases. CVRD is expected to spend around $2b developing next door, so its probably only a matter of time. Only time will tell. RIV should also be close to completing its a rail deal and that is another tick towards production. dyor.