Encanto Potash Corp V.EPO.H

Consider Allana Potash as alternative Potash junior play

[lotusprince]

As big potash cartels have destroyed most juniors, Allana Potash is still a viable low cost producer as per today's interview in SmallCap Power...just google and confirm. Stock is posied for big run up and is now discounted.... you may consider as alternative in some % for recovery.

Here are some experts from CEO interview in Small Cap Power:
The cooperation between the Ministry officials and Allana executives has been exemplary as both sides fully understand how important this project is for both Ethiopia and Allana. We are optimistic that we will receive the mining permit soon.

We have successfully put together one of the best groups of lenders. The group includes major global Development Financing Institutions (DFIs) and Export Credit Agencies (ECAs). The support coming from this group of potential lenders has been very strong as they are keenly aware of the transformational nature of our project not only for the Afar region, but also for Ethiopia as a whole and this part of East Africa. We expect some significant developments on this front in a very short period of time.

Allana has also continued advancing partnership talks with large fertilizer and other industrial organizations. Negotiations with some of them are in the final stages and we expect important developments in this regard. The support we heard from some of these organizations, even in the midst of last week’s events, was very reassuring for us.

Our estimated production cost is $65/t and our full cost including transportation to the Tadjourah Port in Djibouti is estimated at less than $100/t. So not only do we compare very advantageously to others and will we be able to withstand lower potash prices but also we will eventually thrive in that environment. IRRs are still healthy even at projected short-term, worst case market prices.

I don’t know of many potash juniors who have clear visibility on where their funding will come from. I should also add that we have close to $20 million in the bank thus the company is financially solid. This is sufficient to implement our current and planned programs.

Once in production, we will be the nearest producer to India and most of Asia, and East Africa

We also enjoy full support from both the Ethiopian and Djibouti governments, who see this as akey element of their economic growth strategies.