First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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First Tidal Acquisition Corp

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Post by Karmanowon Jan 25, 2011 5:49am

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Post# 18021248

"Pounds In The Ground = AAA at $1.90"

I was asked earlier how I came up with $3.25 per proven and probalble "ton in the ground."
K + S Germany bought Potash One for $431 million dollars. Potash One has an NI Resource Estimate for 135.8 million tons of Proven and Probable KCL. So, $431 / 135.8 = $3.17 per ton....
So the $3.17 becomes the most recent deal paid for potash and thus becomes the benchmark for what a hostile take over deal is worth to a junior going forward.

So the Valuation for “Pounds In The Ground” for Allana assume: (44.70 Measured + 356.32 Indicated) = 401.00 Million Tons x 21.5% KCL = 86.20 million tons KCL x $3.25 per ton = $280 million value NAV / 147 million shares =

$1.90 per share NAV in April 2011 with the completion of the pending NI Resource Estimate

Hope this helps understand the formula that I used.
Karma.

NI Resource Estimate: Table 3. Mineral Resources and Mineral Reserves on Crown and Leased Freehold Lands For Potash One
Classification	Grade (% KCl)	Recoverable Tonnage of KCl (Mt)
Inferred Resource	26.88	859.4
Indicated Resource	27.05	80.1
Proven Reserves	28.55	27.3
Probable Reserves	28.96	108.5
Total Reserves	28.88	135.9