re: Ann: Scoping Study for the Colluli Potash...
Hi Calina,
The Danakil Basin is definitely heating up.
For a map of the region see, click on the coloured map:
http://ethiopianpotash.com/
Companies in the Danakil Basin:
South Boulder: Positive Scoping study.
NGex Resources (TSX:NGQ): First four holes did not hit potash and they're reassessing this project.
Allana (TSX:AAA): Positive Prelim. Economic Assessment and they have bought another land tenement in the basin. They've indicated that they want to go to production.
Ethiopian Potash Corp (TSX:FED): First 16 holes have been drilled and are being sent to Saskatchewan for analysis.
Sainik: Private company, purchasing large amounts of equipment.
Nova: Private company.
BHP: Drill results generally not known.
Allana and BHP have a very good relationship and BHP was sharing Allana's camp and also the two were exchanging geological survey information.
I agree that we will be seeing further consolidation in the Danakil Basin.
GLTA,
Sam
STB Price at posting:
$1.62 Sentiment: None Disclosure: Held