Far East Capital Newsletter
Riva's cobalt initiative falls flat
11 Jun 2017

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Weekly Commentary

Riva's cobalt initiative falls flat

Some months ago I cautioned investors about the claims being made by Riva with respect to its Tabac cobalt/gold exploration play near Wiluna, in WA. For some reason the company had decided to ignore the information that the original assays taken in 1982, were contaminated by cobalt from the blade used to cut the core. For a while the commentary that I published generated quite a bit of banter with much of it being disparaging of my advice. Well, that banter can be put to rest with the announcement on 2 June, by Riva, that there were no significant assays in the two holes drilled. The project has turned out to be a dud. 

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