Retry pictures from Analyst Tour...Seeing is bApplication for conversion to mining license initiated, license expected in Q2, 2013 ......Hopefully this month ....If not well it's still coming so be ready...CAUSE WERE BUILDING
A MINE HERE IN GOOD OLD ETHIOPIA ......Take your seats and watch this project unfold not like MYLIAR
who is UNRAVELED cause she missed da boat again just like she did at .19 cent....Could of ....Should have
Would have ...you get the drill.....And at last years AGM Farhad said were not giving it away on the cheap
and with 30 million in da bank were in no rush.......prosperity to all and I wish those that are in other potash
plays best of luck.....
For those that haven't seen the pictures if you go to the posting I made there are multiples of pics but aren't
seen until you double click the X which is inside the box ...then the picture loads....worked for me....Enjoy
the pics made possible from Cam who attended the Analyst on the trip and got some great pics and got to
chat to them .... Thanks again Cam .......To all the others.. see the progress that has been displayed by the
pics and how advanced the project has become in 3 yrs and how advance the city in Ethiopia is with the
buildings .....Not all the images that displayed of desserts and disolate lands....Wow the months are flying by
June already and wouldn't it be nice for a News Release Tuesday with some substance to get this share
price really moving like license expected in Q2, 2013 Just saying
WORLD-CLASS ETHIOPIAN POTASH PROJECT
Two potash concessions (Dallol Potash Project) located in Ethiopia’s northeastern Danakil
Depression totaling approximately 312 square kilometres. The potash mineralization in the
Danakil Depression is well known with small-scale potash mining carried out intermittently
from the early 1900’s.
POSITIVE FEASIBILITY STUDY RELEASED:
February 2013 positive Feasibility Study released outlining 1 Million tonnes per year of Muriate of Potash (MOP) production via solution mining/solar evaporation from the Sylvinite Zone. Highlights include:
•Total CAPEX $US642M
•Total OPEX $US98.75/tonne of MOP (delivered to port)
•NPV@10% $US1.32B
•IRR 33% (after-tax)
•Payback Period 3.1 years
•Potash Price $US430/tonne (assumed LT forecast )
RESERVES AND RESOURCES
As a result of the proposed mine plan and favourable economic results developed in the Feasibility Study, Measured and Indicated Sylvinite Resources can be upgraded to Proven and Probable Reserves.
Updated Sylvinite Mineral Resources Estimates effective as of Feb. 2, 2013
|
RESOURCES
|
TONNES (MT in-situ)
|
KCL (%)
|
KCL (MT)
|
|
Measured
|
115.3
|
27.8
|
32.0
|
|
Indicated
|
212.1
|
28.6
|
60.7
|
|
Inferred
|
90.8
|
27.8
|
25.2
|
PROJECT HIGHLIGHTS
Strategic investment from IFC (International Finance Corporation), the only potash project worldwide with IFC support
Strategic investment from Liberty Metals and Mining, acquired 17 % of Allana in Nov. 2010
Feasibility Study completed indicating robust project economics, low CAPEX and OPEX among the most competitive in the industry
ESHIA under government review, completion expected in Q1, 2013
Application for conversion to mining license initiated, license expected in Q2, 2013
MOP production planned from Sylvinite zone, potential expansion from Carnallite and Kainite zones including SOP production
MOU signed to construct potash terminal in Djibouti
Close Proximity to India, the second largest importer of potash
HAVE A GREAT WEEKEND ALL AND ENJOY YOUR LIFE AND YOUR FAMILIES :0)