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25/03/19

22:38

Post #: 37879947
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Originally posted by sevo: ↑

The work is being done and a top sequence, non-exclusion zone reserve will be published. It is going to happen.
It's not rocket science.
The reserve number is just a higher level of confidence in how much SOP exists and is available in a certain part of the lake (vertically and horizontally).
Not sure why you obsess over it.
We all know that the reserve will a much smaller number than the numbers that already exist because RWD aren't aiming to lift the level of confidence in the entire resource.
It may well be that the LD reserve is no greater than the KLL reserve but KLL have a very small lake which make upgrading the resource far easier.
The issue, imo, for RWD isn't proving a reserve in the upper, non-exclusion zone but demonstrating that the resource below is actually recoverable using bores. This work can be done after production from trenches commences and will be infinitely easier when the lake is more accessible.

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Your golden point sevo, is "It's not rocket science." ...... so why is it taking everyone's lifetime ?

RWD Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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