RWD 4.76% 8.0¢ reward minerals ltd

Ann: Pre-Feasibility Study Update, page-2

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  1. 3,933 Posts.
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    Not sure if the comment on purity without any comment on recovery was a good example to use as an excuse for the delay when AMN have told us that their test work has delivered purity of 52-54% K2O and Danakali has said that their test work has produced purity >98% SOP (52% K2O equivalent).

    This PFS will follow the PFS from KLL (which was fairly lite and looked to be a rehash of the technical report) and the PFS from APC (who look to be hedging their bets with gold now).
    RWD will need to surprise the market with something.
    There is no doubt that this PFS will be presented with more boxes ticked. AMN are pushing to get their study out but they don't have a reliable water supply.

    If it isn't out in April they really will look foolish. If it is out then it will be available for discussion at the AGM.
 
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