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0.00% 0.9¢ south harz potash ltd

If we don’t want to calculate the resource assuming gold...

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  1. tradedemon
    4,749 Posts.
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    24/07/22
    15:13
    Post #: 62698243

    If we don’t want to calculate the resource assuming gold explorers/developers, we could compare to the closest peer highfield resources

    HFR market cap $365 million

    HFR total resources measured and indicated 268mt @ roughly 12.3% k20 (refer to announcement 2018 below)

    HFR have calculated proved and probable reserves after 2018 and that is also highlighted below at 104mt

    https://hotcopper.com.au/data/attachments/4530/4530422-fff6e54fb3ed6bd918210c8d05dcd8ce.jpg



    https://hotcopper.com.au/data/attachments/4530/4530435-7a58fc2643030876a701ecc26a25af18.jpg
    How does south harz’s first project compare to the 2018 HFR measured and indicated resource? HFR’s 2018
    268mt @12.3% k20 versus 338mt @12.91% k20

    HFR market cap per tonne of contained potash roughly ($365 million / 27.6mt k20 ) equals $13.22 per tonne of contained k20


    https://hotcopper.com.au/data/attachments/4530/4530476-f1b332783bbe838095d2c048401ebc3b.jpg
    SHP Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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