Encanto Potash Corp V.EPO.H

RE: RE: Bashers are funny...

[jbbigboy]

blacksheep....you just brought a tear to my eye....my first Stockhouse compliment.....you made my day. :)
I'll be the first to admit, this is NOT a 'to the moon play...AT ALL !!!  Nothing 'blasts off' with the outstanding shares EPO carries ...period. But, that said, it certainly has the potential for a 20 to 30 cent move over 5-10 trading days.....as was the case as we went from 0.20's to the 0.50 mark.
I have read a great deal about API, WPX, KCL,PPI and AAA over the past 6-12 months.....
I decided to set up shop with EPO and WPX simply because I wasn't comfortable with the geopolitical risk of AAA....I'm kicking myself a bit as I used to hold a pile of AAA....but that being said....I also made decent coin with AAA as well.
The dollar mark for EPO is reachable and reachable in 2011 certainly but with this play's outstanding shares, it will not see anything over $2 in quite some time  ...imho....not based on what KCL and API were sold for.
Will EPO ever produce a mine .... ???  NO ONE on this board could convince me of that as the time horizons are a ways away right now.....best case, mine development wouldn't begin for at least 3 years +.....And we need at least $2.5 billion...at least...
While this play has the safety factor I like, a mine here will be very expensive due to the depth of the deposit....that is part of the reason AAA is taking off right now, low depth....low cost to production....infrastructure....well that's another story....
What is interesting with AAA is that what it lacks   is what EPO has.....a great , consistent grade over a large area....see resource estimate in 2 weeks.....
The big boys liked API ...for the same reason I like EPO.....my target for this stock has always been based on around a $350 million market cap, which I truly believe is real and achievable in 12-18 months....that translate to  around 
$ 1.20 - $1.40 a share.
Look to our peers....we could be valued higher as WPX and EPO are the last of the wee guys....but more than that is a bit of a reach for now....
Keeping it real on a snowy, cold Sunday......