Ann: AUSTRALIA'S FIRST FIELD EVAPORATED SULPHATE OF POTASH, page-14

I don't see how the gold play can contribute to the SoP project. The gold play is awesome but there is no inflow of cash due to APC for it for any reason except the reimbursement of exploration costs which is quite a way down the road and not significant enough for expansion of SoP.

IMO they will need to raise debt or equity funding for the project, probably a combination of both. Unlike the last CR, however, that money will go straight towards development of the project so even with dilution one would expect the SP won't suffer given the purpose of the CR. It's not like they would be raising funds to pay their own salaries which is good for current holders.

With a JORC resource and a non-controversial industry (ie. coal) it's entirely possible they can obtain debt funding rather than diluting with a CR which I believe would be the ideal route. Money is cheap in this country and has been for many years. Even paying 7-8% interest is better for holders than copping dilution, especially if it's anything like the last CR balls-up.

Looking forward to hearing more about the trade samples and interest from more potential off-take partners. The SP seems to look forward to this as well.