RWD is about 3 years ahead of AMN once you account for ILUA's, NT registration process, feasibility studies and the environmental submission process. So not sure why the market money is going for AMN when the market caps are pretty close. Still LM could be a good project albeit with smaller margins. It could also mean that RWD is undervalued. Seems when it comes to potash projects in Australia the market puts little value on key milestones, most likely because it is an unknown and unproven in this country.
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