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6.9¢ reward minerals ltd

Ann: Quarterly Activities Report, page-15

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sevo

7,080 Posts.

526

03/02/17

09:58

Post #: 22341869
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Originally posted by Datal ↑

Brine flow and concentrations are two of the three keys, the third is sustainability.

Unfortunately RWD is handicapped my massive clay compounds across their profiles which means the sustainability of 1.5-2.5m deep trenches simply will not, EVER deliver the sustainability of those resources that include broad sand profiles. In RWD's case as per the recent Activity report, the allowance for recovery (recharge) of this first few metres involves fresh water flows picking up elements as they flow into the lake. Of course this means the first few metres will quickly see falling concentrations occur over the short to medium term.

The reporting of "up to 10 days" of flows continues the what is surely oversight of this major concern.

With such a small sand profile the potential to maintain steady flowing bores is a major risk, if not, simply highly unlikely.

KLL remains my strong preference in the space given the strong mix of each of these 3 key factors - and reports are they're turning dirt on roads and scaleable evap ponds, and are even now commencing the installation of camp infrastructure. If this proves to be true then they'll be quickly "lapping" many of these peers.

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RWD will have a specific yield soon, you will be able to compare apples with apples

RWD Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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