RWD 5.00% 8.4¢ reward minerals ltd

Recent interview with GC, page-9

  1. 3,933 Posts.
    lightbulb Created with Sketch. 46
    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

 
watchlist Created with Sketch. Add RWD (ASX) to my watchlist
(20min delay)
Last
8.4¢
Change
0.004(5.00%)
Mkt cap ! $9.114M
Open High Low Value Volume
8.0¢ 8.4¢ 8.0¢ $18.12K 226.4K

Buyers (Bids)

No. Vol. Price($)
1 90 8.4¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 280000 1
View Market Depth
Last trade - 15.55pm 22/11/2024 (20 minute delay) ?
RWD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.