RWD news 16.11.09 dont believe that it isnt a real resource , 21 mt potash drilled to 3 m, vigorous brine flows
They wanted to drill deep but couldnt ever get to that stage, when LD was having problems, LM was RWD's only real asset - cap of RWD was 60 million + at its peak at the time
Go read 20.5.2010 Company Update - Company highlights page 4 - Lake Mackay is the only Highlight on the page
page 7 8 all about LM, p 10 a garbage project, the LD on page 11
page 12 - we are developing LM, will service the australian market
So in summary
RWD thought LM was a standout project, the market valued it at 68 m shares x 90 c at its peak or 60 m dollars in 2009
whats it worth now ? Certainly 500 k to negotiate for the corporate guys.
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