reward minerals shares soar after potash negot, page-21

The problem with deep deposits is that the CAPEX is in the billions. What are the chances a major is going to want to invest billions in a deposit in Eritrea when they have it in their backyard in say Canada? The risk would be huge.

Reward's capex might be around $150m and they will be able to raise the funds themselves through debt/equity and keep 100% ownership (minus any ownership given to the Martu).

IMO STB/ELM/FMJ will be at the mercy of the big boys, without them, they will never get to production, and IMO are not in favourable locations.