RWD 0.00% 7.1¢ reward minerals ltd

Ann: PFS Confirms LD as a Globally Significant SOP Project, page-156

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,933 Posts.
    lightbulb Created with Sketch. 46
    Here is another concept for you to think out.
    Have you ever stopped to think about the fact that MacKay has 3-4 time the surface area that LD has to work with but the drainable resource in the top 6 metres is less than 25 greater?
    It isn't because the potassium concentration at Mackay is 50% less.
    Mackay does not give up its resource as easy. It has a lower total porosity and yield. I assume this will also result in poorer recharge. The difference gets worse with depth. The concepts of TP and yield are not rocket science.
    In my opinion MacKay needs the large area it has to be viable. I think the large area/low risk argument is highly questionable. Trenching is low risk full stop. Mackay isn't lower risk because it is bigger. Mackay needs to be big to allow high output with its lower metrics.
    What do you think?
    (And if you don't think the RWD hydro stuff is up to scratch did you note that they used KP like AMN).
    Last edited by sevo: 10/05/18
 
watchlist Created with Sketch. 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
Last trade - 15.56pm 08/11/2024 (20 minute delay) ?
RWD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.