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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Chemicals Basic Materials
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

Encanto Potash Corp
Bullboard Posts
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(6)
•••
Comment by srpaton Apr 28, 2011 11:08am
248 Views
Post# 18500557

RE: RE: Value of Sundance Shares

RE: RE: Value of Sundance SharesJust to make sure my math is right then...

$4.0 million in Sundance shares
$7.5 million in cash

A resource that is already good enough to be mined for 40 years?  With the potential of it nearly doubling?

And our market cap is what?  $58 million? 


Personally, I like the idea of selling the Sundance if needed come September-November when the cash on hand runs out.  If for some reason EPO share price still doesn't get its act together I would rather see selling the shares than issuing more shares at the wrong price.  Nice to have another cushion, in my opinion.


srpat
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities