Ann: Scoping Study for the Colluli Potash Project, page-4

re: Ann: Scoping Study for the Colluli Potash... Economics look very good for STB's mine. Advanced financing would certainly help the stock price. Trial mining in 2012 would also give further substantive results.


By coincidence Allana released it's Prelimnary Economic Assessment (PEA) today. Allana will use solution mining and their capex and opex are very similar to South Boulders.

Nov. 22, 2011, 4:26 p.m. EST

Allana Potash Announces Positive Preliminary Economic Assessment at its Danakhil Potash Project
Investor Conference Call Planned for November 23, 2011 - After-tax Net Present Value of US $1.85 billion; - After-tax Internal Rate of Return of 36.8%; - Total development capital expenditures including mining, processing facilities, port and logistics infrastructure ("CAPEX") of US $796 million; - Total operating expenditures ("OPEX") on a per tonne basis (including production, transportation/handling, port, loading costs) FOB on the Vessel of US $90.54 - PEA is based on Annual Production of one million tonnes of MOP per year using solution mining; - Potential to expand production to two million tonnes per year of MOP; - SOP production potential to be examined during the ongoing feasibility study.