Hopefully drilling can get commence this month following regulatory approval, I had thought the approval process was to take 'as much as 90 days' from submission on May 26 for the first hole, so a little disappointed with the delay. Doesn't instil confidence that the second hole will be finalised in time to allow release of SS by March quarter end, regardless, long term fundamentals look strong especially after consideration of conservative numbers in the Cenkos report (Potash prices / NPV% discount)
There are c160m unlisted options from what I can see that are in the money so maybe that will be a nice cash injection if exercised, if I have understood correctly. I have fully diluted MC c80m so based on Cenkos NPV numbers this has a good way to go.
Anyone know how long it usually takes to complete drilling once mobilised and get results back from the labs?
7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC, page-357
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