permit/maiden jorc resource, page-39

Yes the inground value is there, but they need to get a mining license and arrange 2.5 billion USD in funding before the 1 billion tonnes of potash (5 billion at 20% grade) can be extracted from under the ground and sold into the US potash market.

After all this news flow with the permits, JORC and drilling is over, the next serious rerating will occur when MLP has a favourable outcome. The MLP (Master Leasing Plan) will determine the outcome as to whether the BLM will accept submissions for mining on the land POK are drilling on. If this is so POK can get the best consultants to assist with this process.

The current objective is to get the JORC so that we can better understand the resource and assess the project economics with greater certainty. My bet is we get the DR mid next week after the Quarterly which is due this week.