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14/05/13
11:08
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Now drilling this large sylvinite project with LOW exploration risk
- Large scale, low cost, long life,superior location
Has the project criteria needed to become commercial success
- High grade sylvinite ore with low level of insolubles at 2000m depth
- Flat lying beds of potash for solution mining, generally dips of no more than ~2°
- Good topography allowing surface installationsto be built economically
- Key inputs location for gas, water, electricity and transportation to market
- Capable of permitting as dry sparsely populated area with little vegetation or animal life
- Strong community support in San Juan County and at Utah state level
- Local work force and existing Intrepid (NYSE IPI) Potash mine 15km to north
Almost all of US potash requirements(~85%) imported therefore new US producer is attractive
LOW VALUATION compared to alternative projects and companies
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LOW exploration risk + LOW current valuation =
Just the way i like it ;-)
massive re-rating catalysts all in the near term
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