First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

Industrials Conglomerates

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

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Post by seekingalfalfaon Jan 17, 2012 12:13am

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Post# 19410517

PEA filed, what's next?

Highlights of the Danakhil Potash deposit PEA include:

After-tax Net Present Value at 12% of US $1.85 billion;
After-tax Internal Rate of Return of 36.8%;
Total development capital expenditures including mining, processing facilities, port and logistics infrastructure ("CAPEX") of US $796 million;
Total operating expenditures ("OPEX") on a per tonne basis (including production, transportation/handling, port, loading costs) FOB on the Vessel of US $90.54
PEA is based on Annual Production of one million tonnes of MOP per year using solution mining;
Potential to expand production to two million tonnes per year of MOP;
SOP production potential to be examined during the ongoing feasibility study.