Totally agree that fronting up again for the CR is not without risk but I take significant encouragement from these facts : 1. The Doc has a lot of skin in the game and is again putting up significantly more capital to get this deal across the line. 2. Getting a $460m almost new infrastructure build for $20m which contains most of the components they need anyway to test their tech at scale. n.b. they had quoted back in August 2023 in their scoping study that $180m-$200m would be needed to build new infrastructure to test their tech. 3. Not only are they getting a new infrastructure build but also a 90ktpa nameplate SOP resource and additional tenements 4. Global engineering firm Betchel has put the RWD process through its paces and wants to stay onboard with RWD to build plants worldwide 5. New RWD process is a patented technology and has the potential to be a significant disruptor to the SOP industry.
RWD Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
