TSXV:AAA.P - Post by User
Post by
cartoneton Apr 20, 2010 11:41am
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Post# 17010862
CORMARK 0.95 TARGET
CORMARK 0.95 TARGETWe are initiating coverage on Allana Potash with a Buy (S) rating and a
.95 target. The
overwhelming majority of greenfield MOP developments will not be built. However,
considering Allana’s strategic geographic position, its unique cost advantage enabled by the
opportunity to implement low cost solution mining and solar evaporation processing
methods, and the involvement of a Chinese investment fund, which reduces financing risk
and highlights the projects strategic value, we believe the Dallol project has one of the
highest probabilities of production.