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5.9¢ reward minerals ltd

Mackay DFS is wildly out of date. Numbers can’t be believed in...

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Pseudo19

567 Posts.

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26/10/23

13:51

Post #: 70554126
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Originally posted by lindentree: ↑

it would certainly be more likely to be funded with the participation of mardie salt, they got finance i believe of $981mill on their salt operation but held back on financing their planned sop add on (150,000tpa), precisely because of the uncertainties, but with the participation of rwd could be tipped back into play very easily.

remember rwd is very small cap (9mill), their management style means they have not been diluted to the crap house, and they do not need a 450,000t (lake mckay) operation to get back to their past sp values...when you have the margins rwd is anticipating, volume is irrelevant.

lake mckay quotes a cost of about $169us/tonne fob, with current sop price of about $888au/tonne.

rwd quotes a cost of about $273au**/tonne fob, which at current prices gives a margin of $610au/tonne

if im not mistaken, for 100,000t of sop, that's 61mill profit per annum (for a 9mill cap company, not bad), but i would expect the market cap to be close to that of lake mckay (56mill) by that stage.

**rwd dont say if $us or $au but assuming $au based on lake mckay figures.

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Mackay DFS is wildly out of date. Numbers can’t be believed in current WA market.

RWD Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.9¢		Change 0.000(0.00%)		Mkt cap ! $13.44M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	30000	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	22897	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.058
1	20000	0.057
1	21833	0.056
1	10000	0.055
1	164375	0.053

Price($)	Vol.	No.
0.059	22897	1
0.065	50000	1
0.070	20000	1
0.075	40000	1
0.078	10000	1

Last trade - 16.12pm 14/10/2024 (20 minute delay)

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