APC 0.00% 0.1¢ australian potash limited

Ann: Final assays highlight quality and scale of SOP Project-GPH.AX, page-21

  1. 910 Posts.
    lightbulb Created with Sketch. 3383
    SO4's 85Mt @ 8000mg/L figure is their resource, not the recoverable amount:

    "The estimated tonnage represents the in-situ contained brine with no recovery factor applied. It will not be possible to extract all of the contained brine by pumping of bores or trenches; the amount which can be extracted depends on many factors including the permeability of the sediments, the drainable porosity, and the recharge dynamics of the aquifers"

    SO4 has a $54M MCap therefore if GPH can prove up a resource of 80Mt, at 9000mg/L, then GPH should be re-rated to a similar market cap, with a premium for the higher grade of their deposit, whilst discounting for being slightly behind SO4 in the development stage.

    A MCap of~45M could easily be justified which would  be a 3 bagger from current levels, however I expect higher tonnage and grade than 100Mt and 10,000mg/L when factoring in the new upper sand layer and the higher grades of the upper aquifer, therefore an even higher market cap should be seen.
 
watchlist Created with Sketch. Add APC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.