Hi guys not sure have manged to digest the info provided by the BLM on probable developments for potash in the foreseeable future.
It is the most positive info to come out regarding POK's future and whether they will be granted a mining lease.
In the report it states a probable scenario would be:
Annual potash production is projected at 2.4 million tons. Out of this amount, 2 million tons will be processed annually by crystallization methods and 400,000 tons will be processed annually by solar evaporation methods.
And further on :
An article was posted on the investorIntel website on August 24, 2012 e ntitled “Potash Minerals Ltd and the Billion Ton Potential at Paradox Basin, Utah” (Bruno, 2012). This article states that Potash Minerals Limited intends on de veloping potash deposits by RFD Scenario for Potash in the MMLPA, BLM Canyon Country District - 28 - solution mining in the Hatch Point area. Hot water would be injected into wells to a depth of about 6,000 feet deep to dissolve salt and potash and then pumped to the surface. Salt would be separated from the potash through a crystallization process. K2O Utah, who is 90% owned by Potash Minerals, intends to produce 2 million tonnes per year of potash from the property. The article also states that the property has onsite water, gas, electric, and transportation. •
Articles in the San Juan Record on A pril 27, 2011 a nd January 25, 2012 r efer to statements made by Mr. Keith Price of K2O regarding development in the Hatch Point area. According to Mr. Price, the potash deposit is thousands of feet deep and would be mined by injecting hot water into bore holes under tremendous pressure. The liquefied potash would be pumped to the surface and dried with natural gas dryers. K2O plans to ship up to An article was posted on the investorIntel website on August 24, 2012 e ntitled “Potash Minerals Ltd and the Billion Ton Potential at Paradox Basin, Utah” (Bruno, 2012). This article states that Potash Minerals Limited intends on de veloping potash deposits by RFD Scenario for Potash in the MMLPA, BLM Canyon Country District - 28 - solution mining in the Hatch Point area. Hot water would be injected into wells to a depth of about 6,000 feet deep to dissolve salt and potash and then pumped to the surface. Salt would be separated from the potash through a crystallization process. K2O Utah, who is 90% owned by Potash Minerals, intends to produce 2 million tonnes per year of potash from the property. The article also states that the property has onsite water, gas, electric, and transportation. • Articles in the San Juan Record on A pril 27, 2011 a nd January 25, 2012 r efer to statements made by Mr. Keith Price of K2O regarding development in the Hatch Point area. According to Mr. Price, the potash deposit is thousands of feet deep and would be mined by injecting hot water into bore holes under tremendous pressure. The liquefied potash would be pumped to the surface and dried with natural gas dryers. K2O plans to ship up t o 2 m illion tons of potash annually to a railhead in Flagstaff, Arizona. A workforce of 250 full time employees is envisioned for the mining operation. It is anticipated that the mine would pay San Juan County up to $18,000,000 a year in taxes and royalties when fully operational (Buckley, 2011 and 2012). Based on the information provided above, the BLM makes the following projections regardi tons of potash annually to a railhead in Flagstaff, Arizona. A workforce of 250 full time employees is envisioned for the mining operation. It is anticipated that the mine would pay San Juan County up to $18,000,000 a year in taxes and royalties when fully operational (Buckley, 2011 and 2012).
Lets just hope that the probable becomes the reality, but it certainly has the support of the majority of the local community.
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