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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Bullboard Posts
Comment by Karmanowon Dec 09, 2010 12:02am
400 Views
Post# 17822055

RE: RE: "EPO vs AAA" A Valuation Perspective

RE: RE: "EPO vs AAA" A Valuation Perspective2010 - BHP paid $341 million dollars for API- Athabasca Potash for 425 million tons at 22%KCL. That = .80 cents per ton in the ground

$341 million paid for API. API had 39 million shares outstanding at time of take over = $8.74 per share
So if EPO can prove up 425 million tons measured and indicated categories at 22% KCL in the pending N1 Resource Report ...EPO share holders can expect a buy out at about  $341 million dollars or  .80 cents per ton proven...... Thats not guessing thats the facts....
I can wait for 2013 and Allana producting 2 million tons per year and trading at 20 times E/V and conservatively over $10 per share...but jbbigboy you already know that from reading my posts on the allana board...The pattern i see from your post is that juniors get bought out in Sask. cause it costs to much to get to a mine....
Maybe this one will be diffrent...time will tell....
sincerely, good luck to you all....its your money
Karma
Bullboard Posts