Ann: Expiration of Unlisted Options, page-7

Just had a look at all listed potash companies on the ASX.
There may be more.
The market cap of RWD tells you the company has lost its first mover advantage.
That said as far as Australian based SoP projects are concerned, RWD is still ahead in terms of development.
But as you said sevo, this project needs a party on board.
It's a tier 1 asset. One worth their 'salt' will find it hard to dismiss RWD when running their ruler over peers.
It's hard to believe if all these companies were to be wound up that RWD's equity value is only A$13m more than KLL's.

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Company	Share price (A$)	Mkt Cap (A$m)	Project	Potash
1
2	Highfield Resources	$1.08	$346	Spain	MoP
3	Danakali	$0.78	$176	Eritrea	MoP
4	Kore Potash	$0.16	$117	Congo	MoP
5	Salt Lake Potash (Wildhourse Energy)	$0.56	$75	WA, NT, SA	SoP
6	Agrimin	$0.58	$72	WA	SoP
7	Reward Minerals	$0.41	$56	WA	SoP
8	Kazakhstan Potash	$0.06	$41	Kazakhstan	MoP
9	Verdant (prior Rum Jungle)	$0.04	$34	NT,QLD	MoP
10	Kallium Lakes	$0.36	$43	WA	SoP
11	Australian Potash (ex Goldphyre)	$0.12	$25	WA	SoP
12	Davenport Resources	$0.15	$11	Germany	MoP
13	Parkway Minerals (ex Potash West)	$0.02	$7	WA	Glauconite