AMN 3.45% 14.0¢ agrimin limited

Ann: Pre-Feasibility Study Completed for Mackay SOP Project, page-84

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  1. 7,743 Posts.
    lightbulb Created with Sketch. 59
    Put it this way using Agrimins (new) numbers Reward will comfortably recover 9mT from 0-2m...the fact Reward are getting little draw down means that they will likely get more than this as the surrounding aquifer drains in. Reward gets the same if not a better result from a smaller area. Agrimin requires every last sqm they have and 550km of trenches...which means much higher operational risk imo.

    I'm surprised the market is rating Reward at $25m and Agrmin at $140m given LD is a better deposit. Maybe I have it wrong but I'm willing to find out...
    Last edited by Panda7: 09/05/18
 
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