Ann: PARADOX BASIN POTASH PROJECT UPDATE - STATE , page-14

re: Ann: PARADOX BASIN POTASH PROJECT UPDATE ...
DDZX, you said-
"# grade is nothing special (but location is nothings special either)
# need to wait for drill holes in the "bulls-eye" areas
#grade need to come in a 30%+ KCI

My question to you is
1)whats wrong with the location? ..Utah USA is low soverign risk compared to where some others like ELM and STB are playing, so whats wrong with POKs location IYO ?

2) why do the grades have to come in 30+ .... will mid to high 20s be enough to proceed to mine developement ? Todays non federal, non bulls eye area result of up to 25% grading fits inside Apogitos modeling ... see here - "Exploration Target estimated by independent consultants Agapito Associates, Inc. forPotash Beds 13 and 18 of 3.4 to 5.2 billion tonnes of sylvinite at an average grade of 23% to 34% KCl has been delineated within the Project."

Say Apagito revise the project down in tonnage and grade after federal drilling to say 1.5 billion tonnes average grade 25-30% KCL, wont that still justify mine development and make todays MC of approx $40million look cheap ?