Man, announcements don't get much better than RIV's latest. For those who have been following the unfolding story, it ticks ALLL the boxes:
1. Completetion of the Feasilbility Study:
2. Profitable JV with Tata, based on only ONE tennament of 270 mt. of coal. RIV have another 20+ tennaments, already with an inferred resouce of 4 BILLION TONNES.
3. Phased development alininging with thirdpart infrustructure development, and new port facilities.
4. RIV ALREADY have the cash in the bank for their portion of the JV cost, for stage 1.
5. Easy open cut mining, with low strip ratio = low cost production.
6. Barging possibility looking more and more likely. The barge cost was something like $8 v $15 - 20t. by rail. So just the additional profit of $10 t. transport cost, would add $20m straight to the profit!!
At $6, it taking candy froma baby!
Cheers, Skip
RIV Price at posting:
$5.94 Sentiment: LT Buy Disclosure: Held
