RWD 0.00% 7.1¢ reward minerals ltd

Recent interview with GC, page-9

  1. 3,933 Posts.
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    KR

    I want to correct my error and possibly answer your question.

    Firstly my error was regarding exploration tenements v mining lease area. I am sure you noted this.

    As you know AMN does not yet have a ML and I agree they were clever in deferring their application.

    AMN has 4335km2 of exploration tenements. From the map it would appear that approx 20% is in the NT.

    If we assume their ML will cover the surface area of the lake bed within WA then 80% of 4335km2 is 346800 Hectares.

    Note that this is a big assumption. The current RWD ML is over 3469H yet the evaporation ponds as per the PFS are 4772H. 

    The initial saving in ML fees is $18.70 per year.

    The AMN/RWD WA royalty difference is A$24.27/T.

    The reduction in ML fees will not offset the wishful thinking 73 cents/T royalty rate. 

    Cheers

 
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