RE: RE: Last half hour Expert Analysis
Andrea Rubakovic, Salman Partners (5/2/12) "Last night, Allana Potash Corp. announced its updated NI-43-101-compliant mineral resource estimate on its 100%-owned Danakil potash project. . .the total Measured and Indicated resource has doubled to 250 Mmt of contained KCl (~1.3 Bmt at an average grade of 19.3% KCl including sylvinite, carnallite and kainitite), with the grade also increasing 3%. The updated resource also includes 109 Mmt of Inferred resource (~588 Mmt at 18.6% KCl). . .the company's substantial resource will now allow it to proceed with a feasibility study expected late this year, and to realistically consider multiple million tonnes per annum production phases. . .it may serve to attract more attention from potential suitors."
Joyanta Acharjee, Proactive Investors (5/2/12) "Allana Potash Corp. said Tuesday it has received an updated NI 43-101-compliant mineral resource estimate from ERCOSPLAN on its Danakhil potash project in Ethiopia, increasing M&I resources by more than 90%; the M&I mineral resource estimate now totals 1.3 Bt with an average grade of 19.32% potassium chloride (KCl), representing approximately 250 Mmt of KCl."
Steve Hansen, Raymond James (5/1/12) "Allana Potash Corp. released the results of an updated NI 43-101 resource estimate at its flagship Danakhil project in Northern Ethiopia. . .the updated resource estimate nearly doubles Danakhil's Measured and Indicated resource to 1,297.5 Mmt (vs. 673 Mmt previously) at an average 19.3% KCl grade, equating to a net KCl tonnage of 250.7 Mmt (vs. 125.7 Mmt previously). On a net KCl basis, Allana boasts one of the largest potash deposits amongst its junior developer peers. . .the deposit's size, shallow nature and compelling relative economics make it world class."
Ray Goldie, Salman Partners (4/24/12) "Allana Potash Corp. is advancing the Dallol Potash project toward a full feasibility study for the construction of a 1 to 2 Mt/year solution mine using solar evaporation, with first production targeted for the end of 2014. The hot Danakil climate is ideal for these mining and processing methods, as it significantly reduces the high capital and operating costs that accompany most potash mining operations; Allana intends to be one of the lowest cost potash producers in the world. . .we believe the current share price represents a good entry point into the stock."
Peter Koven, Financial Post (4/23/12) "A few weeks after Dundee Capital Markets announced Richard Kelertas was departing the company, Allana Potash Corp. hired the veteran analyst as head of corporate development. Mr. Kelertas was a highly regarded equity analyst for 25 years. . .Mr. Kelertas was one of the first analysts to pick up coverage of the junior potash company, which has a project in Ethiopia and is part of Stan Bharti's Forbes & Manhattan Group."
https://www.theenergyreport.com/pub/co/2388