choice quotes from 2010 directors interview

"Sintoukola has the potential to
be a world-class potash deposit.
Oil drilling in the 60?s & 70?s al-
ready identified 3 ore bodies.
One will be our first drill target.
The upside potential is to find 2
sylvinite deposits or one large de-
posit. The whole project could be
the biggest sylvinite deposit on
the planet with a potential re-
source of 1 billion tons of potash
and more. The sylvinite orebody
lies very shallow with a small distance
to the coast."

"We could have a partner-
ship with BHP, Rio Tinto or Vale.
If we can prove 400 or 500 mil-
lion tons of high grade sylvinite
near the surface it is very possi-
ble that a major company will join
us."

"The project seems to have very high
grades. Therefore it will allow us
to produce at a very low cost basis,
maybe one of the most low cost
productions world-wide. The mine life
could extend to 200 or 300 years.
Besides the sylvinite deposit we also
have the underlying carnallite structures
which could expand the mine-life to
about 500 years."

From the German issue of Commodity Stocks,
Issue 6, 2010 interviewing Mark Jones
and Garry Thomas.