I personally believe it's laughable that with nearly $6m cash in the bank this has an EV of $20m AUD, and that's up on a couple of weeks ago. Let's put that intro perspective
Our potash would be $100/tn cheaper than Canadian shipping costs. At this EV, we are valued at 4 football pitches of potash seam, that's it! We have an entire region of potash seam
(200k tn to get to $20m saving, 2tn/m3, salt seam average thickness 5m, although it's actually a bit thicker)
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-15
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