potash sixteen million bonus

In the Lodge Partners presentation, ADY uses $290 per tonne for potash and 80,000 tonne annual production.
That price has now been superseded with a price being quoted as high as $576.

So lets say $490 X 80000 tonne annual production = $39,200,000 this is an extra $16,000,000 onto the bottom line.


http://www.cbc.ca/money/story/2008/04/16/potash.html
Canpotex — which markets Saskatchewan potash offshore on behalf of Potash Corp., Agrium and Mosaic — has negotiated a new contract that will see China pay triple what it paid last year.

Under terms of the new contract, Sinofert Holdings has agreed to pay $576 US a tonne for one million tonnes of Saskatchewan potash this year. That's up a whopping $400 US from the $176 US it agreed to pay in last year's contract.

"Significantly higher potash prices and extraordinarily tight supply have become much more firmly entrenched since China's previous contract was signed 14 months ago," said Potash Corp CEO Bill Doyle in a release.

"With the intense pressure on global food production and continued growth in potash demand, this is the reality for our industry for the foreseeable future.