SO4 salt lake potash limited

for those that came late ...

  1. 2,511 Posts.
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    The Phantom speaks to those who haven't read the 17th July investor presentation.

    Present Jorc for Pecs only = 30 million lbs.

    Target Jorc for end of 2008 = 100 million lbs.

    By end of 2008 = 3 projects at bankable feasibility stage (PFS completed).

    By end of 2010 = At least two operational uranium mines.

    Good share registry with Founders and directors holding 24%, Macquarie Bank holding 12%, Packer has a bundle, and Jongo has a truckload.

    $25 million cash in bank = no dillution at mates rates in future.

    Targets
    Bison Basin USA = 10 to 15 mil lbs
    Sweetwater USA = 8 to 13 mil lbs
    Pecs, Hungary = 30 mil lbs to ?
    Bataszek = 5 mil lbs
    Paraguay = 15 to 20 mil lbs
    Dinnyebberjki = ?
    Mariakemend = ?
    Eurash (fly ash reprocessing) = ?

    Compare WHE's 100 mil lbs target with others. For example, the Alliance initial Jorc is 32 mil lbs, target = ?, maybe similar target size to WHE. I like AGS a lot as well, but the AGS market Cap is approximately $490 mil, where the WHE market cap is approximately $300 mil.

    If a correction hits the quality speculatives will be less affected than the ultra speculative penny stocks. Hence, there will probably be more movement to quality speccys like Wildhorse over the next couple months.








 
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