TSXV:AAA.P - Post by User
Post by
jbbigboyon Nov 25, 2010 11:38pm
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Post# 17760316
Here's something from Rick Mills...
Here's something from Rick Mills...
AHEAD OF THE HERD .....R U ?????
Recent news flow from the potash sector has been dominated by BHP’s rejected $39 billion bid for Potash Corp and now K+S’s bid for Potash One. But a Canadian potash junior, Encanto Potash (TSX.V - EPO), with a market cap of $46 million, has been quietly drilling and reporting grades and thicknesses that perhaps moves one of its potash projects in Saskatchewan, Canada further down the development path to becoming a mine.
Many resource investors find potash exploration data difficult to interpret. While definition drilling on a typical gold deposit might be spaced at 50 meter intervals, Encanto and Potash Corp drilled about every 3.5 kilometers.
That’s because potash, being an organic product, is mined from deposits left behind when ancient sea beds evaporated. This left the potash laying like blankets on a made bed, very flat and evenly laid out deep underground.
Very few countries have accessible economic-grade potash, but when you do find it, it tends to be in ocean-size quantities. The Prairie Evaporate formation hosts all known Saskatchewan potash mines, and Encanto’s projects are surrounded by producers. ( Big ones at that .....)
And we have some sweeeeet potash here in good ol' Canada .......!!!!