APC apc minerals limited

Tiny ASX Co with one of the worlds highest grade SOP brine projects, page-9

  1. MT2
    345 Posts.
    Have done a bit of research and I am getting very excited about GPH. Another EMH? DYOR and let me know if I am missing anything. It all looks pretty decent to me.

    The following are from the quarterly released yesterday, read through the report it is very bullish.

    "positions the Lake Wells Potash Project amongst the globe’s highest grade SOP brine projects."

    "The
    Lake Wells Potash Project is aiming to become the first Australian brine SOP operation meeting the
    domestic market demand"

    "Australia imports 100% of its annual SOP requirements, estimated at circa. 500,000 tonnes per annum"

    I found the following on google dated yesterday which gives the current price for SOP brine at A$880 per tonne. So if my maths is correct Australia imports $440m of SOP per year. Given the food supply global boom this could get interesting for GPH. a $3m tightly held company which could be the first mover.

    "SOP is a premium potash fertilizer (SOP prices are currently US$680-A$880/t) with limited supply globally."

    http://www.asx.com.au/asxpdf/20150428/pdf/42y4v77qmg8qt1.pdf
 
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