RWD 0.00% 5.9¢ reward minerals ltd

Where to from here, page-2

  1. 2,041 Posts.
    It is a dream alright. Completely removed from reality.

    Prior to the resource upgrade I raised the prospect of no clear path-to-market, and the fact that an ginormous resource would be no substitute. It appears, the market agrees.

    For those who think the world revolves around MR's ankles, need to understand that potash prices (mostly MOP) are under pressure and SOP is a niche commodity as far as the majors are concerned. Comparing BHP's IO transport route/costs to that of a tin-pot potash company are quite frankly absurd.

    It is great that RWD has defined a sizeable resource, but the company could be doing feasibility studies in 2020, with still no clear monetisation options.

    Regards, The Pragmatist.
 
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