GREY:ETPHF - Post by User
Post by
cosford74on Nov 21, 2011 3:10pm
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Post# 19255129
Early December.....
Early December.....As long as the markets don't collapse (and there is no guarantee they won't), FED should have a brilliant December.
First off, we have our long awaited drill results. We already know we intercepted shallow potash, it is just a matter of grade. Second, AAA is set to release their PEA, which will clarify the mining method (open pit - not likely versus solution - very likely), and the capex. If AAA can demonstrate economic feasibility, on deeper potash, then provided FED delivers similar grades (and no reason they shouldn't given it is the same mineralized succession) the economics here should be just as good or better. Then consider the larger land holding and the potential for a much larger resource estimate. Now it is just up to management to deliver.