RWD 0.00% 7.0¢ reward minerals ltd

RWD 10yr Festive Season Performance, page-3

  1. 3,933 Posts.
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    Even though you spent some time producing that table, in reality it wasn't that long.
    I would say it probably took longer than it took MR and RDV to decide that LD was a better development option than LM when they gave up the LM tenements.

    The SOP space is now all about narratives.

    The AMN narrative is 'largest lake', they are not saying they need a lot of area because they have low grade brine and need the area to trench. It's a narrative in a slick package.
    The APC narrative is currently 'largest indicated resource', they conveniently ignore the fact that the RWD inferred resource is massive. The previous narrative was 'excess sulphate'.

    RWD doesn't need to have a narrative because it has options. Admittedly the bore option isn't confirmed but it is still a live option. The massive LD resource isn't a narrative, it is a reality. RWD doesn't need a surface area narrative because it has grade that will offset trench requirements assuming good flows. RWD doesn't need the indicated resource narrative, we all know that any upgrade would just confirm its massive status. RWD doesn't need the 'MOP conversion' narrative because it almost certainly will have adequate production potential.

    It will be interesting to see what the situation is at Christmas 2018. Slick presentation can only outperform for so long.
 
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