massive upside potential 30+ bagger

world supply of potash is currently controlled by a few Canadian and Bularussian companies.

Potash still at record prices. The current retail SOP price is AUD$1650/tonne.

RWD costs will be $250 tonne.

Margin currently = $1,400 per tonne.

Total project CAPEX cost ONLY $120 million.

Current resources have the potential to service the national requirements for at least 50 years at a rate of 400,000 tonnes p.a.

Currently only 68 m shares on issue.

No need to borrow money.

If land rights agreement ratified, raising $150 million at $1.50 a shares whilst not necessary is easily.

Issue 12M shares to Martu people & shares on issue will be 180 million.

NPAT per annum at 400,000 tonnes pa = $380M

EPS = $2.10 per share.

50 year mine life.

80% dividend payout ratio = dividend before tax of $2.40.

Long term share price target at least $30.