Dr Mick Ruane's RWD has been battling for the last two decades to be a major potash player. It's been a hard slog for him, with plenty of energy expended and little to show until recently, particularly at the appropriately-named Lake Disappointment.
With the Potash honeymoon well and truly over, other well-funded Potash outfits are falling like skittles. KLL was the first to go a few months ago, despite the valiant efforts of its operators. And today we got the news about APC, which was backed by Mark Creasy - it too has failed.
My question to readers is this:
If Dr Ruane's revolutionary new patent comes to fruition, what do you think RWD will be worth in a decade? If it works, this new method of extraction should be very attractive right? Surely, the new process is worth billions? Which would make RWD a very attractive company. Worth well over the current market capitalization of $20m?
Again, if it works - this is the important bit.
Thanks in advance for all informed commentary.
RWD Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
