2 KM WIDE++Another piece of the puzzle put into place++ the map below shows us a few things...have a look and see just where the 2D Seismic Survey ends in the EAST...still think that Farhad and Peter McLean dont know what the potash layers look like?...The Samarian Land Block is right at the end of the blue dotted 2D Seismic line...then look up to the top of the map and where the number 640000 is indicated... is near to where South Boulder drilling has proven a very shallow deposit of potash...they plan on Open Pit Mining.
Look at the potential from hole #1 down and thru to hole #8 and imagine a 2km x 10km long Solution Mine at 250 meters deep...Hole #15 is in the middle of the Haro Land...this land acquisition will eventually prove to end up being one of the most profitable land deals of 2010...period.
The part of the NR today that I reallly like is the line:
The mineralized area in this region is now approximately 6 kilometres long by 2 kilometres wide and has the potential to add significantly to the property resource
The 2 kilometers wide = 1 kilometer on either side of the drill holes...or 1000 meters (300 meters Measured and another 700 meters Indicated) this confirms our assumptions for doing the preliminary resource estimates that have been posted here previously.
I was watching BNN last night and 3 analysts were talking about BHP...and they all confirmed that BHP low balls and is opportunistic...when a junior can not raise the Capex..they are vulnerable to a majors take over...but Allana does NOT need a major and that is part of what separates us from the herd. Ask yourself why the last 3 BHP offers/deals have failed...if they try a low ball offer with no respect for our 50% SOP, Open Pit Mining potential and 70% extraction rate or for the two thirds less capex required to build the mine(s)... then I hope it is rejected and Farhad pushes a sheet of paper across the table that counters their offer and has a number that starts with 2 digits...China is more likely...and remember a year ago they wanted to finance 70% of the Capex of our mine and we would give them a $100 discount per tonne until the full amount was paid back...do not count out the Chinese...they are the ones putting in billions of dollars for Ethiopian Infrastructure, hydro electric dams, railways, highways and so on...and large tracts of farm land leases...they are not going to want to do all this and then let BHP come in and take out one of the Jewels from the basin?
stay long and all shall be revealed...2 weeks to NI Resource Estimate....and 2 km wide radius...good news for us..
https://media3.marketwire.com/docs/AAA411fig1.pdf