I actually agree with you panda
To much emphasis has been put on whose the biggest and greatest
Reality is apart from the Chinese no one else in the world has managed the massive tonnes these start ups are claiming they will achieve
The problem reward and agrimin will have
Is the infrastructure cost will not allow them to start At as you say 200 /250 ktpa
Also the reserve needs to be sufficient to support the financials
I think this is the hold up on rwd releasing the PFS
AMN will have the same problem
They claim resource in top 24 meters
But by their own admission are only testing to 6
The 20 million tonn they are talking will turn into 4 or 5 million ton
And simply won't support life of mine
Which in turn will not be bankable
Remember
Resource and reserve are two different things
- Forums
- ASX - By Stock
- RWD
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-30
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RWD (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.114M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.1¢ | $34.43K | 481.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 624456 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 15.56pm 08/11/2024 (20 minute delay) ? |
RWD (ASX) Chart |