RWD 0.00% 7.1¢ reward minerals ltd

Ann: Quarterly Activities Report, page-35

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  1. 3,933 Posts.
    lightbulb Created with Sketch. 46
    Aren't you slightly suspicious of the massive SP gains on tiny volume?

    I'm not that impressed by their latest flow rates once the units are converted to cubes/hr/km. I wonder whether using different units is a discreet ploy to make direct comparisons less easy.

    If we assume equal rates of recovery, based on grade alone they need to pump 1.6 times the brine to match RWD. Their latest results of 1.4 cubes/day/metre compared with RWDs latest results of 8l/sec (equivalent to 0.69 cubes/day/metre) show that they might be able to match production but it will require 1.6 times the pond surface area and the power bill for pumping brine will be 1.6 times as much.

    Access road and management style aside, I fail to see any technical reason why the Mackay project is worth so much more the LD project.
 
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