SO4 0.00% 31.0¢ salt lake potash limited

Ann: Sale process commencement and resource upgrade, page-5

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    Looks like they have finally done some original exploration and understand their resource (after going into VA).
    It should be noted that they were supposed to have 18 bores and 132Km of trench at this stage and be 71% dependent on trench for brine delivery.
    They actually now have 32 production bores.
    How is the trench performing? They don’t say but they haven’t changed the numbers for the lake bed sediments.
    The increase in number of bores goes someway to explaining the cost blowout.

 
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