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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company is formed for the purpose of identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has not commenced any operations nor generated any revenue.


TSXV:AAA.P - Post by User

Post by Karmanowon Jun 27, 2011 4:59pm
505 Views
Post# 18770759

Road Map

Road MapUpcoming Catalysts for Allana Potash
The next 12 months look to be as exciting as the last 12 months

According to the recent Dundee Updated Report there are several "catalysts" or milestones that Allana is working on to move the company from the exploration stage  into the develop stage....they do not include initial drilling in Argentina or any further land acquisition in the basin....
Allana is clearly undervalued near term with real catalysts to move her to becoming a mine developer....
Dundee: "We believe the company is now in a better position to talk to potential long term investors and or negotiate an off take agreement in exchange for development funding."

Further Drill Results over the coming months:
The company has approx. four cores in Sask. for assay analysis that we expect to be released in the coming weeks.
In addition to these cores, the company will continue with in fill drilling as per Ercosplans recommendation, as well as do further exploratory drilling in the east block which could add significantly to the existing resource base. In all the comapny will drill 12 more cores.

Updated Resource Estimate in 4-5 months:
Once the additional drilling is complete, the company will once again update the NI 43=101 compliant resource estimate with the results from the eastern block. In addition, we expect the in fill drilling in the southwest to improve the resource confidence and move a good part of the Inferred Resouce tonnage into the Measured and Indicated Categories.

Preliminary Economic Assessment in 6-8 months:
While not technically a PEA, the company plans to engage a U.S. Engineering Firm to estimate and compare Solution Mining and Open Pit Mining opportunities.

Appointment of European Bank to assist in project financing in the next 6-8 months:
With the release of the Feasibility Study 12 months away and a large resource under its belt, Allana will seek council from a large European Bank to help market the project and secure project financing.The bank engaged will ultimately have deep experience with funding African Projects, and Ethiopia in particular.

Possible Signing of Off Take Agreement:
Management has stated that they would be interested in signing an offtake agreement for significant tonnage with a partner that would share in the capital costs of constructing the mine. We believe the agreement would be similar to the MOU signed with CMU in which CMU would pay 35% of the cost to build the mine in exchange for 20% of production at a cost plus basis, until it recouped its investment.

Bankable Feasibility Study in 12 months:
The company is beginning work on the Feasibility Study for the Dallol project and expecst to have it ready by this time next year. At theat point, the company can make a "go-ahead decision" on either solution or open pit mining.






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