First Tidal Acquisition Corp T.AAA

RE:It was good news wasn't it.

[outonthetiles]

Allana’s project in the Danakhil offers some of the best economics in the industry with very low operational and capital investment costs (OPEX and CAPEX); in simple terms, Allana will be one of the cheapest potash mines to build and operate with operating costs expected to be USD$ 100 per ton (to port). This is well below the peer group average, providing a healthy return even if potash prices remain at the current USD 300/ton (based on CANPOTEX’s recent China contract). In addition, the FS noted that the CAPEX of around 642 million dollars would also be among the lowest in the industry, largely because the Danakhil deposit is found at relatively shallow depths. While some projects and potash producers have faced greater risks of failure in the wake of the lower prices, caused by the collapsed of the CANPOTEX/Russian-Belarussian duopoly last summer, others like Allana have actually gained even better chances of success. Allana is one of these because its project based in Ethiopia’s Danakil region may well be the one best suited to benefit from the new potash market dynamics. ICL’s expertise and market access have merely confirmed Allana’s value. 

See more at: https://investorintel.com/potash-phosphate-intel/icl-allana-form-strategic-alliance-take-advantage-growing-potash-demand-asia-africa/#sthash.eCfGG8ss.dpuf