Ann: Davenport Announces Updated Investor Presentation, page-12

In my view ,DAV is the best value potash play in the world and it is only a question of when not if it will find a big brother. DAV has brownfields potash projects at the bottom end of the cost curve in the centre of Europe with access to a skilled workforce , close to infrastructure with a well known process route.
You can be forgiven for thinking that BHP,Anglo and Rio know what they are doing. But in reality they are slow to act and often get it wrong. If you had the capital at their disposal and wanted to be in a long term commanding position in Potash you would go after K+S which is DAV's neighbor. It would be a lot cheaper than developing Jansen and provide instant long term production capability , market share and market knowledge.
They will get around to discovering the opportunity and when they do may work out that by going through DAV and developing its first project they will open the door to German support. Equally K+S will see the threat and could move to counter this.
DAV must show that it is proceeding with a BFS on the first project. This will cost $15 million over 2 years .
Now the new chairman is on board and they have put together a solid plan this will get done and it will be game on.
A smart broker might approach BHP,Rio and Anglo and see if they will underwrite a share and option issue on condition they are given a right of first refusal on financing any development.