Can’t help but notice the LINED ponds on page 12
and more importantly the unlined pond next to it
the empty unlined pond !!
one can only assume the unlined pond has failed
also gone is the narrative of searching the world for lakes suitable for unlined ponds
There will be massive Capex blow outs in the DFS
due to the low grade and remoteness of this project
No Reserve to support the LOM
you will see these guys exit MCKay and head to percival
before merging with RWD IMO
Ann: Investor Presentation March 2019, page-2
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