To be fair, it wasn't just KLL that blew a lot of cash. As we all know SO4 and APC, and probably a few others, blew a lot as well and at least KLL had something of a shot at making it work. The estimates I have seen said that the SOP "industry" in WA alone torched ~1.2 billion in shareholders cash over the past few years, including a sizeable chunk of "sophisticated investors" cash. RWD may (has been!!) have been frustrating for those of us invested, but at the very least you can say that MR and his management team have been damn careful how they spend the shareholder's money, and for that I, for one, am grateful.
What I would like to see fairly soon now is a small plant to prove the process MR and RWD are backing to convince the bigger players the RWD process is worth backing. Then it's upwards and onwards.
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