TSXV:EPO.H - Post by User
Comment by
strabismuson Feb 26, 2012 1:34pm
472 Views
Post# 19587391
RE: Anticipation will continue to build this week
RE: Anticipation will continue to build this week I concur. A total land package contiguous of up to 70000 acres effectively doubling, even tripling the resource estimate as noted in the recent PEA. We'll find out soon enough if it comes out to 70000 acres or a little less. But lets crunch some numbers. Our nearest rival Western Potash Corp being the only other advanced junior in the Sask potash belt has 186.9 million tonnes of potash in the indicated category and 66.6 million tonnes of potash in the measured category at a contained KCl of 25% . Encanto Potash with 79.1 million tonnes of potash in the indicated category potentially increased with the successful yes vote by 3 times could/would have the new EPO estimate at upwards of 237.3 million tonnes of potash in the indicated category at 29% KCl - rivaling WPX save for the measured category that EPO would soon move up into. Notwithstanding the large disproportion in the inferred category (180mt projected x 3 to 700 mt)... inferred category's bear little worth at any rate when considering the bottom line. Encanto comes out ahead with higher grades than Western nonetheless.
Current share price WPX $1.40
Current share price EPO
.43