"Never heard of Reward Minerals until now, and even they are $18M MC"
Well you should check them out.
RWD is the best potash stock on the ASX. RWD has just raised $4.9M to advance a world class SOP project. RWD will be the 3rd or 4th largest SOP producer in the world. Capex will be low around $150-200M. Native title ticked off. No political risk. Very lean and frugal management team. Management in discussion with established SOP producers for future investment. The next stage of drilling and brine pumping is what everyone is watching. The brine volumes will confirm the potential annual production. If you're not up to speed on SOP and evaporative mining check out Compass Minerals. You should already know that SOP is different to MOP. Finally they are not spending $1M drilling a single hole! Sorry, but I reckon POK is at 9 cents because they are going to run out of cash. What is their likely capex and opex? The RWD capital raise should see them through to part/all way through FStudy.
POK Price at posting:
9.2¢ Sentiment: Hold Disclosure: Not Held
