Cash backed and a major Potash resource, page-2

What are you missing from your post?

Positives --- deposit mostly at surface if you review the drilling results. Some results are from the actual surface.

Western Australia - recently voted number 1 mining location in the world

Close to infrastructure unlike the stranded sop lakes

Product for export (expected in the near -completed scoping study) will always sell for a higher price than sop

Strong cash levels (you already highlighted ) and they already have salt supply close to the deposit , to use in the processing of the ore.

Negative - This feldspar may be hard ore to process. There is a chart in a recent Rwd presentation showing nop world supply and it is only 2 million tonnes per annum. A 500tpa operation would still be very good as a step ladder to sop production.

Negative - capex may be high but we won't have to wait long for the scoping study results.