RWD 5.00% 5.7¢ reward minerals ltd

LD: Largest SOP deposit in the world, page-13

  1. pkn
    408 Posts.
    lightbulb Created with Sketch. 7
    infrastructure aside, I think MR will need to answer questions why SoP, why not just MoP?
    Answer: Australia imports 500kt/pa SoP and this mine could meet this requirement.
    Should more be produced, then this can fill some of the gap between China's annual 5mt/pa requirement and its own 2mt/pa domestic production.
    I'm not expecting anything immediate on the share price front on this roadshow. That said if they do a good sell, a lot of the brokers and funds will indeed be sharpening their pencils, which should make next yr a lot more interesting.
 
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