TSXV:AAA.P - Post by User
Comment by
Karmanowon Oct 29, 2011 10:23pm
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Post# 19193097
RE: RE: RE: Carnallitite with Sylvinite
RE: RE: RE: Carnallitite with SylviniteHis name was My69 and his issue was around Allana drilling for the Kainitite Layer where the SOP had been hit by Mr. Parsons multiple times 50 years earlier....and what our preliminary resource estimate was based on...
The unfortunate part of the story is...he sold out....and in retrospect...Allana had been hitting the Kainitite Layer all along with the first drill holes...the way they reported it did not disclose this until later...My69 actually got me interested in Allana in the beginning...and if I remember correctly you were Malakijoy at the time...I called you Mjoy for short.
To be very clear...Allana has hit several layers of potash....the very rich Sylvinite Layer 30% KCL and the Carnallite Layer upper and lower and the infamous Kainitite Layer which is on average 7 meters thick from east coast to west coast of the basin....deeper in the middle as we found out with holes #4 and #5....and something KRN or WPX are not going to ever have is the ability to Open Pitt the shallow Sylvenite Layer...and my estimates give us years of Sylvinite at 2 million tons KCL per year...and a very high extraction rate if IC Potash's mine plan is any indication...90% extraction rate...lets see what KRN gets for an extraction rate and mine capex cost at the end of the day....?
Karma
All will be revealed in due course with the PEA due out by year end...
I remember when i first started investing in AAA,there was a board pumper who became basher because he complained at slow progress and kept going on about the type of potash being found.....
Anyone remember him and what his beef was re. the potash type?