1.Potash leases over 5,000 sq. km.
2.Potash resource over 70 million tonnes.
3.Much lower extraction cost than other country.
4.CAPEX for stage one $26 million.
5.Construction time for stage one: eleven months.
6.Production for stage one 163,000 tonnes of potash per annum.
7.Looking to float the company towards the end 2017.
8.Then to expand to production target of 4 million tonnes per annum.
9.Potash sells for $300 to $600 per tonne.
10.MOP potash is the cheaper potash, potassium chloride.
11.SOP potash is top of the line potash, potassium, magnesium, sulphate. SOP is the potash we have.
12.The market is bullish on potash companies at this time and have a value of around sixteen to one of their bottom line.