This research note on Churchill provide some interesting points on valuation metrics. There are also good comparative valuations to Felix, Gloucester and RIV.
http://www.churchillmining.com/library/file/17%20June%202009%20Astaire%20RNote.pdf
Now pull out the RIV announcements; compare grades, tonnage and coal types.
Cheers, Skip
This research note on Churchill provide some interesting points...
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