they now have 15% and i wonder if they wont keep going down the track? Talbot has over 19%, so these guys might end up with close to 40% of the entire company. Do we really think these guys have this wrong? Tata still has to put in 40% of the development costs on top. 4 billion tons on one lease with 16 more to go. The stuff is outcropping across multiple leases. The drilling on the new lease might be a pleasant surprise as it has equal potential of the benga lease imo. riv might end up with 8-10 billion tons on just 2 leases. This company is fast becoming a target of global significance imo, its just toooo big for the majors to ignore. People that ponder the infrastructure might wish to consider why Tata just spent another $40m topping up.This is now trading at about 8c per ton allowing for the cash. That is truly ridiculous and can't last imo.dyor.
RIV Price at posting:
$4.25 Sentiment: Buy Disclosure: Held
