RE: RE: $20 target?An excerpt from the Report
For a little company, Amazon has put together a pretty impressive
team. Alongside Mr. Sampaio, we’ve got Dr. Fonseca and
Dr. Cavalcanti, two former ministers and Peter Gundy as Chairman,
who built the Potash Corp of Saskatchewan.
From the questions I get from anxious shareholders, I can see
there has been a lot of speculation that the delays are technically
related, and that is not the case. The process has been
working really well. The challenge with our material is making a
non-soluble potash source soluble so plants get the nutrients
and we are getting 96% solubility with the material we’ve processed.
Our confidence continues to build in respect to our operating
costs. Looking at cement producers in our area, we have investigated
their cash costs, and on average they produce their
product for US$53/t. They use the same process as us, a petroleum
coke fired rotary kiln. They heat to 1400 degrees Celsius
compared to our 1100 degrees. Our work with our pilot plant
suggests the cost is even lower. At that operating cost, we
could potentially sell our product profitably on just the potassium
content without factoring in any additional benefit for
being slow-release, multi-nutrient and non-chloride.”