RWD 12.5% 7.0¢ reward minerals ltd

I haven't looked a Kalium and probably won't but size doesn't...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,584 Posts.
    lightbulb Created with Sketch. 124
    I haven't looked a Kalium and probably won't but size doesn't always matter. Proximity to infrastructure and startup cost are very important. 1.5mt might be enough 15year mine life at 100kt a year. Cheaper capex and cheap transport(if near bitumen). Plenty of time to understand the system and expand the resource.
    Whereas RWD has enough SOP for 100+ operation but is in the middle of nowhere, muddy, past TO issues, no clear direction for management, and a fairly large capex for the proposed operation. A big investor is needed. There is no real reason a company with a smaller resource be prodcuing long before rwd if that big investors doesn't come along to fund rwd. (no investor in how many years, is that going to change after feasibility?).
    ps I'm not going to debate this further.
 
watchlist Created with Sketch. Add RWD (ASX) to my watchlist
(20min delay)
Last
7.0¢
Change
-0.010(12.5%)
Mkt cap ! $9.114M
Open High Low Value Volume
7.5¢ 7.5¢ 7.0¢ $33.60K 474.8K

Buyers (Bids)

No. Vol. Price($)
3 216107 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.8¢ 188250 2
View Market Depth
Last trade - 14.43pm 27/11/2024 (20 minute delay) ?
RWD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.