AMN v RWD is worthy of discussion if only to allow one to get...

First 99 Last

Share
Profile

Follow
sevo

3,933 Posts.

46

09/05/18

13:13

Post #: 32982103
Share

Originally posted by ceh2009 ↑

From 4/4/17...

This post could just as easily be called AMN versus RWD! After going back through some old posts I came across a fairly colourful discussion between two posters regarding differences in the measurement of resource between AMN and RWD. It appears that AMN uses "In Situ" and RWD uses "In Brine". Then to add to the confusion there were times when RWD was measuring just the amount that was drainable by trenches (24.4Mt "In Brine") before switching to quoting their resource as all the way to the basement (596Mt). AMN are just talking about what they can produce from trenches (cheap) rather than boreholes (expensive).

In order to compare apples and apples we must look at what can be produced from trenches alone. Based on specific yield, which is the correct measure to use if you want to work out how much SOP you can produce, AMN has 9.8Mt of SOP in the top 6 metres (drainable with trenches). RWD has 7.48Mt of SOP in the top 6 metres. AMN's *productive* resource is 31% bigger than RWD's.

RWD supporters will tell you that the drainable resource for trenches is 12.4Mt as opposed to 7.48Mt. The difference of 4.92Mt is contained in the Exclusion Zone. In my opinion it is not reasonable, and potentially misleading, to include in your competitor analysis resource included in an Exclusion Zone (See page 2 of RWD's 7th February announcement). Whilst it's in an Exclusion Zone they should not be able to claim it.

For me AMN is the clear winner.

Expand

AMN v RWD is worthy of discussion if only to allow one to get their head around concepts in an area that is new.
As for winners I don’t see why there can’t be multiple winners.
I think you agree that there are claims or data deficiencies coming from all camps.
Personally I have a very reserved opinion on what the brokers are saying not least because for many SOP is new. They can crunch the numbers given to them but have they all got their heads around some of the concepts?
Cheers

AMN Price at posting: 91.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SLB

PhosCo inks MOU with Tunisian gov't, EU bank to pave way to Gassaat fert project

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 66 more messages in this thread...

First 99 Last

Add AMN (ASX) to my watchlist

(20min delay)
Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $60.70M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$89	660

Buyers (Bids)

No.	Vol.	Price($)
3	71467	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	10579	2

View Market Depth

No.	Vol.	Price($)
1	5555	0.180
1	30979	0.175
5	69411	0.170
2	106061	0.165
2	18611	0.160

Price($)	Vol.	No.
0.190	10525	1
0.195	28699	1
0.200	10206	2
0.205	15888	2
0.210	8238	1

Last trade - 09.59am 26/11/2024 (20 minute delay)

AMN (ASX) Chart

AMN v RWD is worthy of discussion if only to allow one to get...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PhosCo inks MOU with Tunisian gov't, EU bank to pave way to Gassaat fert project

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Buyers (Bids)

Sellers (Offers)