TSXV:AAA.P - Post by User
Comment by
Karmanowon Oct 09, 2010 6:07pm
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Post# 17549202
RE: Land Parcel
RE: Land ParcelVery good catch TNT! No it has not been posted before and is very material to the discussion. Your astute observation of the previous map supports your conclusion! You are right, Farhad said on numerous occasions that they were not in discussions with Sainik, so this is out of left field. As I posted along time ago, I believe that the Sainik land has been drilled to the saturation point and one analyst said that it is not likely that they will ever prove up enough potash to justify an $800 million mine. So, whats the next best thing, form a JV with a company next door that is going to build a mine and come to a shared agreement on the price of the offtake potash on the Sainik land and not have to worry about the Capex for a mine..... Not sure why they would parcel off one section of land and sell it to Allana if they ever have any hope of developing the balance of their lands?? But if Farhad and Company can buy the parcel outright all the better for us....Dont forget that the current analyst calculations for a pre-feasibilty do not include the 80 million inferred tons of KCL on the Sainik land and the numbers should be similar to our holes 1,2 and 3. Some one posted a while back that Sainik was currently drilling on the land? not sure what part of their property? No matter what deal they make it is all good, and can only help Allana get to the goal posts sooner...imho.
GLTA and stay tuned...our guys are on the trail of something big....hope it has a trunk and big ears....
Karma