TSXV:EPO.H - Post by User
Post by
srpaton Jun 09, 2011 7:01am
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Post# 18691575
Need help wit the math...
Need help wit the math...If we have a resource already on the Home Reserve worth a 40 year mine life at about 2 million tons per year that should bring in about 1 Billion dollars a year from the ground with potash prices at $425 a ton, right? Some of these numbers are big, so I'll have someone else do the math for me here...
With the addition of the TLE Lands, what does a 50 year mine life give you, at say 4 million tons per year? And what happens to that number when potash prices go to the projected $2,000 per ton they are projecting by 2020? Seems like a pretty big number to me.
srpat