http://www.theage.com.au/business/cbd/are-you-sirius-aussies-win-...

http://www.theage.com.au/business/c...york-moors-national-park-20150701-gi2geu.html

Interesting snippet from Chris Fraser who helped FMG secure the $2b funding they needed way when.

"If you look at the analogues of potash companies that are in production, if you've got a couple of million tonnes of [annual] production, it doesn't take much to justify a valuation of $15 billion to $20 billion. If you get 3 million to 5 million tonnes per annum of production, they're the sort of valuations that are now being ascribed to potash companies," said Fraser.

Now, DNK's Stages 1 and 2 only have annual production of 440k each so combined they come in under 1m tonnes p/a. Even so, the economics probably lend themselves to a multi-billion dollar enterprise of which we own 50%.

My guess is that the DFS will significantly increase the annual production and with it the valuation of our company.

The wait for off-take agreements and the DFS is going to be so tough. When the markets take a chill-pill regarding Grexit, I'm taking another large position in this company. Conservative SP estimates of over $1 are reason enough.