about to break upwards me thinks.., page-20

Mitis,

Just as a follow up. I read his post on the RES thread. I counted 5 incorrect items in the post. You definitely need to DYOR, and not follow a poster of that quality.

1. Reserves and/ resource (can't be bothered going into the definition of them here) are now approaching 4B tonnes. Outpost drilling, confirming the same coal seam on other tenements could have RIV looking at 12B.

2. TATA took an investment of 35% in ONE of TWENTY tenements that RIV have.

3. It is not RIO in Mozambique, it is VALE.

4. There is a feasibility study for a power station to be developed next to the mine for the thermal coal off-take.

5. Strip rations are better???? Therefore the company will be more profitable?? Back to kindergarten with that inference. How about an analysis of the thermal to coking coal ratios? Quality and ash content of both? Mining and transport costs of each company for a valid comparison.

The inference that RES will be another RIV (without the appropriate research) is another case of HC HOPE investing.

Cheers, Skip