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1.43%

7.1¢ reward minerals ltd

Ann: PFS Confirms LD as a Globally Significant SOP Project, page-41

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Panda7

7,743 Posts.

59

02/05/18

21:29

Post #: 32842093
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Originally posted by KRogers ↑

RWDs PFS assumes a brine flow rate from trenches that is 50% above the steady state results released (PFS 15l/s/km vs released results of <10l). Even with made up results the project only returned a 14% IRR.

So put simply: RWD announced yesterday that, even with made up key assumptions, it doesn't have a project which meets any investors required rate of return, especially not the return expected by any ASX investor.

Bizarrely you're still too busy worrying about the validity of other projects to realise that

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So how is Agrimin going to better Reward when they are touting 250km of trenches ? longer transport, 2/3rds the grade. no water yet ?? greater pond area. slower flow. higher salt to sop ratio...the list goes on. no depth potential so limited to 20 years life of mine. the market cap of $140m is fantasy land imo.

RWD Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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Last 7.1¢		Change 0.001(1.43%)		Mkt cap ! $9.114M

Open	High	Low	Value	Volume
7.1¢	7.1¢	7.1¢	$1.065K	15K

Buyers (Bids)

No.	Vol.	Price($)
2	225000	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	250000	1

View Market Depth

No.	Vol.	Price($)
2	189708	0.100
1	10000	0.080
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.105	24000	1
0.110	8500	2
0.115	10000	1
0.120	32686	2
0.130	96000	3

Last trade - 14.08pm 02/12/2024 (20 minute delay)

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