First Tidal Acquisition Corp T.AAA

Undervalued or what?

[Karmanow]

What ever method of valuation you apply...Allana is undervalued by over 50%.
The market is not seeing us as different from other junior potash miners..
We have $8.00 is savings per share for Capex to start.
We are trading at 13% of our NPV
We are trading at 50% of an equivalent take out offer compared to Potash One...
We are going to production...but the market does not appear to believe it yet...the market
needs to see signed agreements or actions taken by the management and board that clears
up any doubts about what they are planning for this company.
Karma

(Taken from CHEKKMATES post on valuation:)

1. 82 mt X $485=  $40,000,000,000 (round-off)= Gross Value
2. Minus 16% Discount=  $33,600.000,000
3. Minus  5%  NSR =  $31,600,000,000
4. Minus OPEX (82 mt X $105=  $8,610,000,000) =  $22,990,000,000
5. Minus CAPEX =  US$22,390,000,000
6. NPV=  US$22,390,000,000

$22.4 Billion Dollars of NPV / 200 million shares = $11.20 per AAA Share

We are currently trading at 13% of our NPV…..hmmmm

 

November 02, 2010   Potash Files 43-101 Technical Report on the Legacy Project

….where previous mineral resources have been up-graded to 27.3 million tonnes of recoverable KCl proven reserves from material grading 28.6% KCl and 108.5 million tonnes of recoverable KCl probable reserves from material grading 29.0% KCl. The total proven and probable reserves is 135.8 million tonnes of potassium chloride from material with a weighted average grade of 28.9% KCl. Indicated resources of 80.1 million tonnes of KCl are estimated from material grading 27.05% KCl….

K+S Germany paid $434 million one year ago.

Potash is selling for 40% higher July 2011

SOP is selling for a premium of $150 per ton or 40% added value or 20% for all of Allana’s tons.

 Potash One sold for $434 million / 135.8 = $3.20 per ton of KCL

Potash One has an estimated Mine Capex (for over 1000 meter deep resource) and Processing Plant near $2.5 Billion Dollars. As compared to Allana at $900 Million Dollars. That equals a staggering $8.00 per share of savings that Allana Shareholders do not have to finance or dilute the company through massive share offers….

$350 per ton + 40% + 20% (only 50% of our KCL is SOP) = $560 per ton equivalent July 2011. Allana has recoverable : 23 million tons KCL Measured and 81 million tons KCL Indicated (Dundee) + 8 million tons from the Eastern 4 holes (todays hole gave us 2 million tons x 4 holes) = 112 million tons KCL x ($3.20 + 60%) = $5.12 = $573 million / 200 million shares of AAA = $2.86 per share for an equivalent take out bid. Potash One was looking for a major to take them over...Allana is not. Dundee has a share price estimate of $3.05 per share AAA.