RWD 10.4% 8.5¢ reward minerals ltd

Ann: Quarterly Activities Report, page-44

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  1. 3,933 Posts.
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    Its interesting that SO4 are suggesting costs of $10.50/m2 versus KLL suggesting $5.90/m2 (from memory). In fact SO4 reckon lined ponds off lake would be even more expensive.
    I guess KLL can go lined, off lake because they have a high grade and don't plan on a high annual output.

    As for brine pumped, the KLL announcement put out not long before the PFS claimed they had pumped 55 M Lt.
    It 's hard to assess KLL because they can talk about what they supposedly did pre-listing.

    What is clear from looking across the projects is that there are companies that are either being over conservative or over bullish on their numbers. I'm not referring to KLL in particular on this one. I have looked at the volumes that SO4 & AMN claim they need to pump and they are both within 10% of what RWD is claiming yet their brines have a grade that is significantly lower, I can't believe their recoveries are going to be so much better. Of course it could be that grades don't matter because that is what the AMN posters keep telling me.
 
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