@fbx258Ok, so managed to talk with Chris about 50minutes.So cost...

@fbx258

Ok, so managed to talk with Chris about 50minutes.
So cost is roughly $4m to drill the 2 holes. (2X$2M).
CR possible to get this done for Q1/Q2 next year. (Always possible for some other deal or JV)
Obviously CR is very dilutionary to do this (50% MC) and best to avoid if we can,
there in is the delay - waiting game.
There still is a few confidential agreements in place - those coys have access to see PFS
but are prohibited from trading the stock.
Dual lisitng on EU exchange ore than likely London, on the to do list 12 month timeline approx

High cost of drill holes is due to the nature of Potash being a salt, different method used, not a simple rig system
need to be capped after too. Lucky for us all the 300 existing holes -($600m were paid for by the state)
so obviously huge value acquired when they got these deals and historical data.
As we know the drill holes release the PFS associated and that is a major re-rate,
Would then need likely CR again after this to do DFS/BFS 12 months from that point to complete.

No issue in getting this project up and running with the locals. Poorest area in germany, higher unemployment, a lot of youth leaving area to find work elsewhere. Indications from local mayors and MP who have actually endorsed the project too to senior cabinet minister.

NaCl by product pricing 99.5% can be in a round $150/t - has industrial type in chemical process.
Expected production would be around 1mt of MOP and NaCl if Ohm was first off the rank.
My basic calcs is >$500m AUD revenue.

Obviously its a tier1 deposit(s), TO once we de-risk it for a major very likely IMO.
The size of the resource no longer matters, it really is the cost curve position and how cheaply we mine and produce,
which we know is profitable under worst pricing cycle - that is where the true value here is.