How quickly things turned I posted on the charting thread a few weeks back an ugly view of the MMAs.
I think the SPP is behind us and we can move on to realizing value.
I love the slides on page 5 of the latest presentation.
RIV is trading at 5% of the market average according to resource. This is obviously still related to the infrastructure as without significant upgrades to transport options we have little opportunity to get the 13 Billion tns to the buyers.
Slides 27 to 30 discuss progress on the barging option.
The current time line has PFS on barging completed in Dec THIS YEAR. If this is good look out, that 5% may be upgraded to 20% of the market average.
YES this is still a risky play until that option is passed as being viable but confidence is being displayed in the early barge development.
Chart Break of the LT fork with strength. 200dmma very strong support on corrections
ST Forks
Better looking set of MMAs with all ST crossing LT.
PS I an biased in relation to RIV.....DYOR....
