RE: Interesting dayhi,
just be patient.
the net present value of milestone were around
5,2 billions in the former RE.
actualized
resource estimate , + 40 %, wpx (milestone) should have a npv around
7 billions now.
compare,kcl´s
feasibility states, net present value around
5,4 billions,
( lower kci grades, no temperature anomalies 65C.)
better to compare apples with apples, these are the numbers of kcl at the same stage where wpx is now.
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June 16, 2009
Potash One Legacy Project Update
Vancouver, Canada - Potash One Inc. ("PotashOne" or the "Company") reports that the Company is in theprocess of finalizing the Legacy Solution-Mining Potash Project Pre-FeasibilityStudy announced on December 15th, 2008. The Legacy Project Pre-FeasibilityStudy is being completed by a team of internationally-respected engineering andconsulting firms and is being compiled by SNC-Lavalin Inc. of Montreal, QC. Asummary of the Legacy Project Pre-Feasibility Study will be released as soon aspossible.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer
Telephone: (604) 331-4431
Fax: (604) 408-4799
info@potash1.com
About Potash One Inc.:
Potash One Inc. is a well-funded, TSX-listed Canadian resource company engagedin the exploration and development of advanced potash properties amenable tosolution mining. The Company owns 100% of more than 515,000 acres of PotashSubsurface Exploration Permits in Saskatchewan, Canada. It includes the 97,240acre Legacy Project, which has a NI 43-101-compliant Measured Resource of 29million tonnes of KCl, an Indicated Mineral Resource of 222 million tonnes ofKCl and an Inferred Mineral Resource of 852 million tonnes of KCl. The LegacyProject is adjacent to the largest producing solution potash mine in the world.
The Toronto Stock Exchange has neither approved nor disapproved thecontents of this press release.
You can view the Next News item: Thu Jun 18, 2009,Pre-Feasibility Study At Potash One's Legacy Solution-Mining Project EstimatesNet Present Value Of US$4.47 Billion
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at the same stage, wpx has now:
Measured Resource: 637 Mt in place sylvinite grading 30.47% KCl (
64Mt of recoverable KCl).
Indicated Resource: 1,857 Mt in place sylvinite grading 30.35% KCl(
180 Mt of recoverable KCl)
Inferred Resource: 8,907 Mt in place sylvinite grading 30.31% KCl(
701 Mt of recoverable KCl)
Mineral Resources reported here represent significant expansions intonnage compared with the Mineral Resources previously reported inthe NI43-101 Technical Report filed by the Company in July 2010*.These resource expansions are as follows;
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