It will. The Benga coal project is very big and once it is complete in 2-3 years RIV will have a multi billion dollar market cap. Whats more the project is owned 35% by the 5th largest steel maker in the world - Tata steel who are a massive indian company. I think people haven't really considered this. You see the chinese boom is well and truly underway but india has hardly even scratched the surface yet and when they do get going guess who will be supplying the coking coal to fire the furnaces that create the steel to build the bulidings in India....you guessed it.
So the fundamentals are there all that is required is for some patients and for RIV to prove the economics of the project and the share price will take care of itself.
RIV Price at posting:
$5.75 Sentiment: Buy Disclosure: Held
