Cash backed and a major Potash resource, page-31

noting they are handicapped by the asx from showing their scoping study numbers on oxley until the jorc is moved to indicated status, i think there are things they could adress.

The presentation asked, Undervalued or misunderstood?

IMO they need to join the dots to show how Admore low capex DSO rock phosphate can now further unlock Oxyley, with minimal dilution.

They've made some good point highlighted below for oxley before admore came on the scene , on lower capex start up options, but it now gets better with Admore.

What the market needs is for them to present a clear strategy, of how they will keep a tight register,  with mega millions of revenue will flow = mega eps.  

Oxley.

"155 million tonne potassium Mineral Resource
 Only 3km of overall 32km striking deposit drilled for resources
 Positive Scoping Study for start-up high-value potassium nitrate fertiliser operation completed
 Huge expansion potential
 Prefeasibility Study started
 A$ 27 million cash at bank
 Market Capitalisation @ A$ 0.064 = A$ 20 million
 Negative A$ 7 million EV ???"

why NOP?
External analysis for Centrex for NOP exports from Geraldton in 1t bulka bags within containers showed achievable average long-term pricing of $US 870/t FOB
 Three times the price of MOP, but NOP for smaller horticulture market as chloride free and highly soluble
 Potassium sulphate (SOP) another chloride free mid-range price and scale option but much less soluble than NOP
 Growth in micro-irrigation due to water scarcity driving accelerated NOP use globally
 Smaller scale NOP start-up means lower capital entry point
 Large scale of Oxley deposit means no constraints on MOP or SOP expansions after start-up NOP operation
 Low cost Western Australian gas nearby for competitive nitrate production"

we are talking hundreds of millions in revenue, and if we can keep a tight register, thats massive eps potentially, and that is the fog they need to clear in their presentations imo.