you must be reading off the same page as hartleys mitis, and couldnt agree more. whats even better is that Benga's JV partner is India's Tata iron and steel. India: widely renowned as lacking infastrucutre - could RIV's mines, with their strategic location(1/2 sailing distance vs. aust), provide the coking coal necessary for such development? Not to mention Tata's ambitions for the car industry.
Takeover please...Wuhan or Tata? Wuhan's 8% equity stake is like grooming a virgin for it's first time being 'taken over'
DYOR
RIV Price at posting:
$10.41 Sentiment: LT Buy Disclosure: Held