If you want an idea as to what was in the ground then this link...

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jakel

465 Posts.

07/07/14

13:45

Post #: 13622031
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Originally posted by Nowhere Man ↑

Yes, I agree ...a bit more sparkle and development of narrative (tell us where we're going) would be good.

One interesting angle on the original Satimola Project was the borate by-product. In fact, the earlier incarnation of Satimola was, I believe, to be called "Satimola Borates & Potash".

Boron, like potash, is essential for plant growth, and is purchased by many of the same customers. But boron is also used in a wide range of other industrial processes, which closely track basic economic development. Industries such as textile and insulation fiberglass, ceramics and metallurgy, are all key to infrastructure development and consumer growth, and all require boron.

My understanding of the economics of the original project had low cost boric acid being produced in conjunction with potash, creating a valuable source of incremental cash flow.

Without compromising any commercial sensitivities, it'd be great to hear some of these sorts of details from our Company. Will we be looking to exploit the borates?

The people who did the early financial modelling on Satimola I believe came up with numbers indicating strong cash flow and earnings, even at relatively low production rates. Which meant potential was there for minimizing capital for construction, and development of a range of production output scenarios and to expand production incrementally.

Perhaps it's too early in the day, or not the Chinese way to be too revealing. But a bit of razzle-dazzle wouldn't hurt, folks. Let's hear about this stuff!

It's exciting to be carried on a journey.

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If you want an idea as to what was in the ground then this link has some good detail

http://www.agapito.com/2010/12/satimola-potash-and-borate-mine-planning—kazakhstan/

KPC Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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If you want an idea as to what was in the ground then this link...

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