RWD 0.00% 5.9¢ reward minerals ltd

Ann: Company Presentation , page-23

  1. 7,080 Posts.
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    The point I was trying to make is that the same operation is highly likely to have the same capex and very similar profitability whether it takes place on Karly or LD. The difference being the mine life.
    Of course there is potentially a big difference in resource size and attractiveness to major investors. Hopefully this is eventually reflected in the SP.
    MR had said that interested parties wanted he resource at LD firmed up. This looks like it is going to happen at one or both projects.
    Please note I am excited about Karly but at this point in time I'm not assuming the evaporative chemistry will mimic LD, I am not assuming the omission of flotation will apply and I appreciate that some of what MR presented was conceptual. Obviously it would be a perfect scenario if Karly could be fast tracked using LD trial work and the Karly drilling validates the concept of brine to 100 metres.
    Cheers
 
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