RWD 4.76% 8.0¢ reward minerals ltd

'the capital cost is to high to support the smaller output'.What...

  1. 3,933 Posts.
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    'the capital cost is to high to support the smaller output'.
    What are you rambling on about?

    Read the last quarterly and comments about infill drilling program.
    This program is directed towards the resource recoverable from trenching.
    This program was substantially completed at time of publication of the quarterly.
    There is no intention to upgrade the resource below the top sequence at this point in time.
    You know what the target output is and that the indicated capital is to cover the costs of recovery from the top sequence only.
    400ktpa from the top sequence, project life 27 years (from memory).

    The basal aquifer resource is irrelevant to the current project parameters but RWD has done sufficient exploration to suggest to potential backers that when they invest in a project that will recover the top sequence, non exclusion zone resource, that are also investing in the potential exclusion zone resource (dependent on successful future negotiations with the Martu) and investing in the potential basal aquifer resource that could be anything up to 140MT recoverable.

    I think you will see production bore data from the basal aquifer after causeways onto the lake have been built. These can't be built until permitting is further advanced.

 
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