Agree it is a positive report (though I've never seen a negative one from a small mining co). I don't think we will see much news in the quarterly as it appears the pumping studies haven't begun and the drilling isn't complete. The Karly project adds resource, which is great, but it also adds a lot of exploration which wasn't accounted for in the rights issue. RWD will need to raise more money earlier in 2014 if the feasibility study for LD is going to progress forward. Perhaps RWD will do what RUM has done? I wish we were privy to what the game plan was. I note the loan made by MR is still outstanding. Another project means another round of negotiations with the Martu, hopefully without delays. This might be a good time to appoint the Martu director. Based on previous timelines and assuming a cooperative Martu, how long to obtain an ILUA and mining lease for Karly? 18 months? Could Karly delay progress at LD? 2014 looks interesting.
RWD Price at posting:
50.0¢ Sentiment: LT Buy Disclosure: Held
