Amazing Potash results I did a review of previous estimate by Ercosplan in 2010 see excerpt below
Ercosplan inspected about 310 metres of historical drill core from the evaporite sequence hosting the potash mineralization and identified both sylvinite and carnallitite mineralization. The intersections of sylvinite mineralization were either observed in the relogging of the core or interpreted from geophysical logs and identified in six of the drill holes, of which four are located within Talon’s properties. The width of the individual sylvinite layers ranges from two metres up to 10.4 metres. Carnallitite mineralization was identified in the core or geophysically interpreted in seven historical drill holes, of which two are located within Talon’s properties and the balance are located in close proximity to the boundaries of Talon’s properties. The carnallitite mineralization was logged both as a discreet carnallitite layer with widths varying from 15 to 45 metres and/or carnallitite interlayered with rock salt, with cumulative carnallitite widths from 18 to 66 metres.
Based on the available data from existing drill holes and geological modeling, Ercosplan estimated the order of magnitude of exploration target sizes that may be anticipated within Talon’s properties, subject to further successful drilling. These estimates included up to approximately 450 million tonnes of sylvinite mineralization and up to approximately 1.1 billion tonnes of carnallitite mineralization*.
Now look at what they found in their latest news release
The sylvinite assay results showed evaporites characterized by high potash content and low anhydrite content distributed in two significant sylvinite-bearing zones with a weighted average grade of 25.01% KCl over 16.73m......
drill hole SED-01-011 also intercepted a significant carnallitite horizon of 61m
They found even more sylvinite then they originally estimated (at 450 million tons) and the carnallitite was open at the end of the drill hole meaning there is even more there as well (more than 1.1 billion tons)
Assuming this is eventually confirmed, a conservative estimate of combined amount of 1.5 billion tons Potash and recovery of 70% = 1 billion tons. Current price $500 per ton =$500 billion. Assuming cost in production of mine and refining at 95% = $25 billion dollars divided by 100 million shares = $250 per share. WOW. Discount this 90% because resource still has to be fully proved = $25 per share. I can live with that.