APC 33.3% 0.1¢ australian potash limited

Apc chart, page-52

  1. 7,080 Posts.
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    MC at $90M is relatively high.
    Closest peer is KLL and their MC is $167M with all finance in place, project 70% plus complete and more obvious potential to upscale production.
    Almost 4x RWD who have full set of approvals and Native Title.
    Perhaps the others are just undervalued but I think you are being very optimistic about relative value.
    Furthermore the DFS here is significantly placed from current SOP pricing and Fx.
 
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