re: Ann: PARADOX BASIN POTASH PROJECT UPDATE ...
Thanks for your opinions Ab4825.It certainly appears you have a grasp of some of the geology and help expalin some of the vagaries of potash drilling in the area.Wish the company would go to these lengths also but the real action will be of Fed approval and I have always been waiting for that to come closer.They did warn in June last year, 12mths, so is getting alot closer now.It will be very interesting to see the JORC they get WITHOUT Fed land!Are you able to disclose your professional, or otherwise, qualifications so us reading can put things in perspective? Of course being an anonymous forum it is impossible to tell if it is true, regardless, I will take your word.
p.s. Although I am thoroughly enjoying your posts, when suggesting management should drill in different places, it may come off arrogant without knowing your background experience, or get me angry that do they don't know what the hell they're doing if a HC poster can see they are chosing wrong places to drill????They do have a potash expert in Ben on the payroll in the US so what do you think is going down there?
I have always had a feeling the potash was going to be the company maker and it's very hard to find a coy that takes things to production.With the low soverign risk, the STILL VERY POSSIBLE chance of a mineable resource, and a crew on the ground in the US I still feel this is a story in the making. Hopefully the model they used will come to life on Fed drilling, obviously they need to choose spots very carefully, but the fact they are progressing to a JORC estimation on what they have in their possesion already seems positive to me
Have you heard anything back on the e-mail?
Cheers Doogs.
POK Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Not Held