Analyst comment: Less than 5 years ago it was thought there was no significant potash deposits in Australia. Since that time a number of highly prospective regions were identified, which subsequently resulted in the discovery and early stage development of a number of Sulphate of Potash Projects, including Australian Potash’s lake Wells Project.
Unfortunately, due to limited global demand for SOP, we believe it’s unlikely all of the current Australian developers will commence production in the near term.
However due to a number of unique and critical aspects, we believe Australian Potash’s Lake Wells Project is potentially ahead of their peers in the race towards production. Firstly, they have the lowest initial capital cost of the peer group, due to the significant existing infrastructure that Lake Wells can utilise. Secondly, it will be the only project to extract potash exclusively via bore field pumps (proven and tested method), whilst finally, it’s the only project not subject to a native title claim, which is potentially a significant advantage given lake can be culturally sensitive areas.
The information in this email should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
Valuation: We initiate
coverage on Australian Potash with a valuation of $0.37 / share (SP – $0.10 / share). Customer Notice
Adam Kiley Trading as The Sophisticated Investor (TSI), (AR No. 458224) is an authorised representative of Intelligent Financial Markets Pty Ltd (AFSL No. 426359). The information contained in this communication is general advice only. Neither your personal objectives, financial situation or needs have not been taken into consideration. Accordingly, you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. The information in this communication should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions.Conflict of interest
TSI does and seeks to do business with companies featured in its articles and video’s. As a result, investors should be aware that TSI may have a conflict of interest that could affect the objectivity of some articles or video’s. Investors should consider these articles and video’s as only a single factor in making any investment decision. The publishers of these articles and video’s also wish to disclose that they may hold this stock in their portfolios and that any decision you make to purchase these stocks should be done so, after the purchaser has made their own inquires as to the validity of any information in these articles and video’s.Publisher Note
TSI will only initiate coverage of a company that passes our internal investment checklist. Once a company has passed this checklist will we initiation coverage of the company as well as follow up with ongoing updates and commentary on that company’s activities. Articles and videos produced and published by TSI are NOT Research Reports in terms of ASIC Regulatory Guide 79.
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