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7.4¢ reward minerals ltd

So what's left to do to finalise the PFS? We have: a Jorc'd SOP...

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Jazzasax

2,466 Posts.

45

06/08/16

17:19

Post #: 18460527
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Originally posted by redux ↑

SO4 and AMN leaving us for dead currently, possibly due to their projects being on a smaller scale, though they will have permitting issues in the future where I think RWD is dealing with those concurrently while sizing up LD.

MKO and IRC a distraction over the years, as well as Karley, a fair amount of hindrance to LD's development.
CAPEX financing coming up in the next quarter if we stay on track, might explain some of the weakness in the SP.
Rather than issuing any new shares perhaps mangment could offload some of their truckloads of shares.

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So what's left to do to finalise the PFS?

We have:
a Jorc'd SOP of 500mt @13kg/cu.m
Planned and costed transport
Specific Yield to come this qtr
Canadian processing design in train
Trench brine recharge metrics in this qtr
Water sufficient to supply the proposed processing plant, IMO
????

Hopefully all the above comes true and by December we'll have a phenomenal PFS that will go straight to DFS or find a partner to help MR fastrack this into production to take the first mover advantage!

RWD Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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