Have a look at the September 2010 Investor Presentation. It shows RIV's market value at 0.13 cents per tonne of coal resource compared to the market average of $3.03 (and RIV is no way the average). So if prices have gone up a smidgen since then,say 0.26 cents per tonne, you can see why RIV is an absolute steal at anything under $25 a share. Even that is a bargain.
C'mon Directors.
rio bids for riversdale @ $16.50, page-11
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