GREY:ETPHF - Post by User
Comment by
akltoon Mar 08, 2012 5:30am
528 Views
Post# 19641983
RE: RE: RE: NEWS: Management Change + more YES !
RE: RE: RE: NEWS: Management Change + more YES ! Hello Threshold,
I agree with you that new management only can do better. Hope they can plan and execute better, and will be managing expectations in a professional manner. I also hope that you're right in your assessment of FED compared with Allana. At the moment FED is very cheap, but untill now there is not so much proof of a deposit that is much better than that of Allana. I know that FED has 3 times the land but the drillings untill now show that not every hole is a hit. Looking at the Southwest Discovery Zone only hole 20 hit potash at the north side of the historical showings. That's why I am very interested in the assays 22 to 29 that will tell us how much % of the land bears potash. Untill now there is in my opinion no proof at all that the drillings in the South-west Target Area will meet the Company's objective of putting 1 billion tonnes of potash resource in this part of the property into an updated 43-101 compliant report, even not in the inferred category. With respect to the depth of the deposit there is untill now also no proof of a much shallower deposit compared to Allana. I know that the Colluli-deposit will be shallower and possible has open pit quality, but we have to wait for the drillresults to know that for sure. Based on the information of South Boulder Mines I see the potash layer from Eritrea is thickening but also downdipping in the FED-land. Of course I hope it is open pit minable because that would give us a much higher extraction ratio than Allana. But there is still much work to do and I hope that new management will be able to speed up the explorationprocess. Then the warrants (strike CAD 0,75) that expire in sept. ( now on CAD 0,015 ) could be very profitable.