Ann: Pre-Feasibility Study Completed for Mackay SOP Project, page-154

Thanks
Well done on your profit.
Why would I want to buy AMN if I hold RWD?
Apart from early insti support I fail to see any advantages in the MacKay project whether it be chemistry/technical, financial or management experience.
From this point in time the short term upside for RWD looks superior.
AMN have a good project but it just doesn’t look so good now.
Trench/ponds more expensive as expected from grade. Processing more expensive (in part to reduce pond capex), infrastructure costs are high and operating costs look optimistic based on probable real royalty costs and no clear provision for mine rehab.
Cheers