I don't know.
But look at the wording from the quarterly as per my previous post. How much more definitive can the study be?
The cash burn in producing this study has been significant by RWD standards. Some of the spend has been on "exploration" but the exploration has been required to progress the study.
The study duration has been significant and is overdue.
Finally all previous timeline schedules have pointed to only one feasibility study with the next step being pond construction.
Realistically how much more can RWD do. How can tenders for track upgrades, pond construction, power supply and all other infrastructure be improved upon?
The evaporative studies and processing stuff was being tweaked before the scoping study was published.
Ruane had done some of the basic donkey work before some of the other guys had heard of potash or in some cases could probably spell it. There are a couple of posters on here having orgasms over KLL. This company has produced a large technical report on little more than a bunch of shallow auger results yet are considered to have "hit the ground running". The "running" would appear to be running round to a mates office that houses an iron ore company.
What is clear is that the new entrants have produced good returns for investors. There aren't many RWD investors in the money. I'm not convinced that the returns are justified based on either resource or exploration but rather on unjustified support which might have something to with performance options or connections to stock broking companies but perhaps I'm being cynical. Of course this is pure speculation. Time will tell all.
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I don't know. But look at the wording from the quarterly as per...
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