Hi RIVers,RIV is moving forward nicely, as per the latest...

Hi RIVers,

RIV is moving forward nicely, as per the latest Corporate Overview. Volume and sp were up yesterday. We should see $6.00 as the support level in the next few days.

The anthracite mine looks to be progressing well, with potential to increase the coal resource with new exploration.

The stakeholding profile has changed little. TATA took up the 3.3% Talbot.

Continued drilling will SUBSTANTIALLY increase the overall resource...have a look at Slide 9...The yellow is the VALE tenement; all the others are RIV. RIV have drilled only a small part of Benga (881), and some of Zambeze(946). RIV's coal resource is HUGE.

Have a look at Slide 11....RIV has the same coal quality as the Bowen Basin = BHP, Mitsubishi, Anglo, Mistsui, Xstrata, Rio.....these guys hold 61% (83 Mt p.a.) of the seaborne hard coking coal world market. Little RIV most be looking very taste to some of these companies.

Market has assigned ZERO additional value to the recent 1.7 B Zambeze Inferred resource.

Cheers, Skip