Sevo - next funding round, page-2

Hi Slimbo,

Given RWD has approvals, arguably its MC should be pretty similar to AMN already. Approvals in terms of risk are vastly more important for this project (that was also the view of the AMN CEO when he was an analyst)

$10-15M. But there should be a small R&D rebate soon and there is an option series @24 cents and Ruane has over 8M.

I assume you know that RWD dumped the Mackey project. That in itself indicates which project ticks the most boxes. Argonaut will pump the merits of a bigger lake without pointing out they need for more area because grade is vastly inferior.

IMO, RWD has the most upside in the sector but investors don’t like it, probably because of the perception they have been too slow.

The wildcard here is the Officer exploration. Rock kainite is a potential game changer

As for NPV, RWD demonstrated that my using the assumptions made by peers that LD was potentially AU$1B. This upset someone and the ASX took it down.