RWD 0.00% 7.0¢ reward minerals ltd

China AMN now building their own 350km road. They claim they can...

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  1. 3,933 Posts.
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    China

    AMN now building their own 350km road. They claim they can cart & load their product 100km further than reward for exactly the same dollar amount.

    They are talking up gas power and haven't made any capital allowance for the pipeline.

    I can't see any detailed analysis on potential royalties unlike that shown by RWD.

    They claim they can produce 426ktpa from 3200 hectares of unlined ponds compared to RWD producing 405ktpa from 4700 hectares. Grades of 8 v 12. One wonders why RWD hasn't considered the "wet" processing that AMN proposes if it can save so much pond area particularly as the Germans reckon RWD has a "state of the art" process.
 
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