Ann: Framework Agreement re Acquisition of Satimo, page-3

re: Ann: Framework Agreement re Acquisition o... More? You want More?

Zhilyanskoe, Chelkar and now Satimola Potash Deposit.

I would think that's going to be a lot of salt to move.

This resource is currently a Boric Acid target production resource. However "In 2006, Saltimola contracted AAI to conduct a Preliminary Assessment for commercial mining of their potash deposit located in Kazakhstan, and in 2008, Satimola initiated a new exploration program to better define the potash deposit. Drilling of the deposit has so far uncovered a resource of more than 8.5 billion tonnes of potash, at a 10 percent potash cut-off grade. Satimola is targeting an initial annual output of 700,000 tonnes, and hopes to expand to 6 million-metric-tonnes-a-year operation." source: ^{http://potashinvestingnews.com/3887-potash-mining-in-kazakhstan.html}

And this is on top of the 6.5 – 6.6 billion tonnes of potassium from the others.

Now where do the Hong Kong based Spirit Capital, Kazfert and Chris McAuliffe fit in here? FMJ and Spirit were the main Kazakhstan Potash players so is there now an Eurasian monopoly?