RIV 0.00% $16.20 riversdale mining limited

long term holders only, page-2

  1. 795 Posts.
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    My average price for RIV is 3.17 First purchase was at 55 c in FEB 05.

    I obviously do have high hopes coz I didnt sell any when it hit 12.. I think that is called a 20 bagger... Stupid me or what?

    Have bought many since, not as many as BIlly Gates and Bernnie from posts years ago but it is one stock I do not lose sleep over, in time it will be a beauty.

    I collected this from a few years back and have been accumulating since.

    Estimate

    $2per ton with resource of 2b tonnes = $4b market cap
    or $20 per share Management believe 5 to 7 bil tns
    Drilling with 4 rigs will take 18 months to prove resource
    10/2007

    We are sitting on just over 2 bil tons now.

    What will the barging option and a new resource estimate on the other 98% of land holding bring for RIV. I am salivating about the prospects...
    Now about losing sleep.. not quite true as this potential keeps me awake LOL.....

    Happy days to all long term holders

    Graph but I wont be selling at the next target either.
    Photobucket
 
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