RWDs PFS assumes a brine flow rate from trenches that is 50% above the steady state results released (PFS 15l/s/km vs released results of <10l). Even with made up results the project only returned a 14% IRR.
So put simply: RWD announced yesterday that, even with made up key assumptions, it doesn't have a project which meets any investors required rate of return, especially not the return expected by any ASX investor.
Bizarrely you're still too busy worrying about the validity of other projects to realise that
RWD Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
