Cash backed and a major Potash resource, page-10

Annual trade of nop is 1.4 mtpa and sop 6mtpa.

Those figures are highlighted in a diagram in the most recent reward (Rwd) broker presentation.

If cxm can supply 500ktpa of nop at $1,100 p tonne, that is $55o million revenue for 30 years plus.

Not bad.

How much is the capex? Will it be higher than $500 million.?Can cxm also get market share in a niche nop market at those $1100 US/tonne prices?

The almost completed scoping study will reveal these numbers. I expect the npv to be rather large as there is a 155mt deposit close to surface and ports.