RE: News is out! For those of you wanting a strategic corporate update, you got your wish. Just a few lines that stuck out to me.
By engaging Novopro, an experienced and respected engineering firm, to carry out a PFS, Encanto has evolved from a potash exploration company into a mine development company. Having established a large potash resource base, we're extremely pleased to have the expertise of Novopro to fast track the development of our property and enhance the value of the Company for its shareholders
Encanto is currently exploring domestic and international strategic partnerships for the financing, development, and sale of the potash production from our Muskowekwan Joint Venture property.
The current resource supports a 52 year mine life based only on the Measured and Indicated resources at a 2.5 MMt/yr production rate. The Company plans on significantly increasing this resource life and potentially the production rate to 5 MMt/yr by converting the Inferred resource to Measured and Indicated.