Don't think that flows from short isolated trenches are the full story.
Read the latest quarterly from RWD and see what they are doing to examine draw down and steady state.
As for grades, some of you guys haven't thought it through. Even if you reduce your trench length you still need to pump more brine AND you still need more capex intensive evap pond area. FFS it isn't rocket science.
As for bores, you need them because a trench only operation has a finite life. Run off dilutes the top brine over time.
As for Euroz valuations ask yourselves who BlackSwan merged with and whether any Euroz senior people might have significant holdings in AMN dating back to the days they did a cap raise and research piece on RWD.
Finally you might think these guys are the bees knees and I congratulate you all if you hold a profit but do you really think Ruane would give away the best project?
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