RWD 4.76% 8.0¢ reward minerals ltd

I actually agree with you panda To much emphasis has been put on...

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  1. 329 Posts.
    lightbulb Created with Sketch. 18
    I actually agree with you panda
    To much emphasis has been put on whose the biggest and greatest

    Reality is apart from the Chinese no one else in the world has managed the massive tonnes these start ups are claiming they will achieve

    The problem reward and agrimin will have
    Is the infrastructure cost will not allow them to start At as you say 200 /250 ktpa

    Also the reserve needs to be sufficient to support the financials

    I think this is the hold up on rwd releasing the PFS
    AMN will have the same problem
    They claim resource in top 24 meters
    But by their own admission are only testing to 6
    The 20 million tonn they are talking will turn into 4 or 5 million ton
    And simply won't support life of mine
    Which in turn will not be bankable
    Remember
    Resource and reserve are two different things
 
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