TSXV:EPO.H - Post by User
Post by
srpaton Apr 02, 2012 8:25am
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Post# 19746670
Misleading numbers from PPI
Misleading numbers from PPI PPI just came out with their updated 43-101. I'm sure you've seen the stockhouse advertising for it....."Arizona has Potash!!!" Just how much potash they have depends on how well you understand what their press release says.
They have 125 million tonnes of indicated and 587 tonnes inferred of mineral MASS in the ground. Of course, if you read the less-advertised numbers, you find that they only have 18 million tonnes of indicated and 71 million tonnes of inferred recoverable KCL. Recoverable KCL being the number that all of the potash juniors report. Misleading? Remind you of how Allana advertises their numbers?
Just for comparision, EPO has nearly 50% more measured resource than PPI has indicated. We have 30% more indicated resource than PPI has inferred. And then EPO has a heck of a big deposit of inferred on top of all of that.
I don't mind good news for other potash companies, but you need to not mislead investors.
srpat