Not at all YT. What they've got will give them a 20 - 30 year mine life at a production rate of 15000 - 30000 tonnes pa of K2O. A current price around of $500 per tonne for potash and a premium end product called SOP which commands a 20 - 30% premium over MOP(the common potash product) would mean $700 - $800/tonnes for AIV's potash which would see a handy project for this junior. As you pointed out with RWD - they've got their problems. AIV's project is also located close to infrastructure. The initial scoping study was delivered at a time of falling prices so they are now doing a second one aimed at cost cutting on a rising market. No land issues, no geopolitical risks. Quite possibly a doable project.
AIV Price at posting:
6.8¢ Sentiment: None Disclosure: Held
