Another Failed Roadshow, page-24

What does MR need to do to get this to a dollar?

A big surprise on the pond capex i.e. clay liners?
Stunning recharge rates and pumping rates from the trenches?
Sink a few big bores and give the market some numbers from the bores and trenches that make the operation look feasible. Would a plan to dig 250km of trenches install the confidence we need, I'm not sure?

Apparently resource size was a previous handicap. That has been resolved. I think the debate on HC on all the Aussie potash stocks suggests that brine pumping capability and processing water capability are on investors minds.

I think the need to build the road is an annoyance rather than a significant risk. I think RWDs superior brines will allow capital savings on ponds that will offset the road costs (to an unknown degree at this point in time).

If MR and his team of engineers in Canada can prove without doubt that we can fill the ponds with 70 M cubes of brine per annum then I reckon it is game on. The chart looks like it would accept a reversal to 80 cents at anytime on the right news. The other 3 have all shown initial investor enthusiasm from shell companies being re-invented. AMN has gone into hibernation and I wouldn't be surprised if SO4 tracks sideways after its big run up.

I think RWD, AMN, GPH & SO4 can all co-exist but RWD has definitely lost its first mover advantage to some extent.