TSXV:AAA.P - Post by User
Comment by
Karmanowon Mar 28, 2011 3:51am
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Post# 18348471
RE: Eastern Shoreline KCL Even Better?
RE: Eastern Shoreline KCL Even Better?One more comment in the EPC NI Resource Estimate from Ercosplan which I found very interesting and foreshadowing.
BHP may be correct in declaring that the whole basin is a "potential resource"....When BHP is ready...they have the resources to make a sucessful run at owing the whole basin....the market caps with huge premiums added is really small potatoes for BHP in the larger picture of things...they get the 15 times cash flow and earnings per share from production...thats where the real money is made..and makes the rich...richer....remember they are already the large land lease owner for the lower basin south of Allana and Nova properties....
page 43: Driven by the price development of potassium commodities after 2005, BHP Billiton started a further due diligence campaign for the Danakil potash resources and declared the whole area as potential resource. However, at this time BHP Billiton was investigating other potash proper-ties around the world, and was more intensely focused on the Saturn Potash project in Sas-katchewan, Canada.