spot potash prices at a record us$872.50 , page-16

Do yourself a favor and do some research. Perhaps start with looking at the NTT transcript and forming an opinion on the likely legal outcome/worst case scenario.
Then consider the proposed operation which is proven, low tech (eg Compass Minerals) and low cost (AU$120).
Then consider the potential value of the project (I'm sure the WA state Government representative will be at the NTT).

100 yr lifespan.
400ktpa @AU$1356 (current spot price) = AU$542M pa sales.

Finally consider its uniqueness.

We may be in a bear market but somebody will have an appetite for financing a growth project. Possibly a North American investor.

Finally, as discussed here before, some recent posts reinforce the possibility of RWD being taken over.

RWD is high risk/high reward and in this market requires a high conviction