I don't think much has been happening with Oxley for the past few years as management have been focusing on getting phospate production online.
Ideally, the development of Oxley would be funded from Ardmore cashflow.
Oxley is a massive potash resource with potential to set up a lucrative operation. It has not been reflected in the market value at all.
I would expect management gets back to Oxley in 3-4 quarters.
Anyone here knows how to value potash projects?
Oxley, page-2
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