While Carnallite comprises 20% of the TOTAL resource and was not included in the ESS, the average thickness of the Carnallite layer is 87% thicker than the Sylvinite layer.
The ESS only included Sylvinite layer but it seems the DFS can now process both Sylvinite (4.7 mtrs thick) and Carnallite (8.8 mtrs thick) in the initial phase of mining.
Coupled with the other favourable issues identified, we may be looking at a fair bit more than a 20% increase imo.
STB Price at posting:
$1.02 Sentiment: LT Buy Disclosure: Held