RWD 0.00% 7.1¢ reward minerals ltd

Ann: AGM Presentation, page-12

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  1. 329 Posts.
    lightbulb Created with Sketch. 18
    So you do your financial model first
    Dream up how rich you would like to be
    (In RWD and AMN case
    Dream up a production number that gives a NPV
    That is acceptable and work back from there )
    Chasing huge production numbers to justify
    The massive capex
    Huge distance of roads and gas lines due to stranded locations . No consideration of the market and what it can obsorbe
    In AMN case invent an unrealistic sale price
    Also to support the imaginary NPV
    And support capex

    The logic is to have a better understanding
    Of what you have in the ground
    How you get it out
    How fast then
    the rest is dictated from that
    Dictated by your reserve
    Then measured resource

    Would you go build a gold plant without drilling first ?
    And before you reply with how big and great it is
    Answer
    Why don’t you have a reserve if you have proved you can get it out ?
    Because if you could and someone would sighn off and it was acceptable
    It would be published .

    I am going to win the Melbourne cup in November
    I just don’t have a horse yet

    You will keep the title of the market dud
    For the time being
    Trigg have pulled their IPO
    Obviously couldn’t get the support
 
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