TSXV:AAA.P - Post by User
Comment by
Karmanowon Feb 09, 2011 1:04pm
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Post# 18102640
RE: News Out
RE: News Out Shares not fully valued - CEO
Excellent find stainless++...it it was not fully valued at $2.35 it is a steal at under $2.00 today...we are the real deal and the resource estimate will finally tell the world that we are going to the finish line and production....and on our own if we chose to...$2.00 plus a friendly buy out offer will be at a much higher price than today...and production is at a new platform and multiples of todays price.
"$1 billion or more in costs would be typical for a Saskatchewan, where deposits are much deeper. For us, it's going to be way below $1 billion, perhaps about $100 million," Abasov said.
"For China and India, African potash will be extremely attractive going forward, because it'll provide them with an alternative to Canadian and Russian sources."
"The reserves estimate is going to be a multiple of what we currently have," he said, adding that new estimates would be out by April or May
I estimate 10 times is the multiple...time will prove me right
Karma