Comparison with WA SOP hopefuls

I see Reward Minerals have put out a presentation about their pre-feasibility study of its Lake Disappointment project.

I began to work through it but lost much of my interest when they made the claim that their project "is positioned to be the largest brine SOP producer outside of China" (my empahsis) underneath a map showing all the major brine and Mannheim producers. The pfs is based on LD producing at 400kt pa, which is indeed a big number. But the fact that they simply ignored Colluli which is penciled in to produce 472ktpa starting earlier than LD is a bit tricky imo. Sure, Colluli is an evaporte (bloody spellcheck) project and not a brine project but it will be producing SOP just like Reward.

I find it a bit of a struggle to compare the stated metrics from Colluli's FEED and Lake Disappointment's PFS but one stands out like dog's bollocks: LD is quoted as having an IRR of about 14% and Danakali's share of Colluli is quoted as having an IRR of about 29%.

Also Reward is still not at the stage of talking about offtake agreements and  financing, two aspects which currently seems to be taking up all the oxygen with progressing the Colluli project. Instead, most of the talk on the hc RWD threads seems to be about evaporation rates (not a biggy for Colluli) and transport costs (less of a concern for Colluli). I know from Orocobre, which runs a lithium brine operation in Argentina, that there are heaps of headaches with evaporation processes.

Much of the chatter on the RWD threads is comparing the merits of RWD, AMN and KLL, but there is not a mention of DNK. Must be the Eritrea effect (?).