TSXV:AAA.P - Post by User
Post by
sdomaeon Dec 02, 2013 11:31pm
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Post# 21962600
A question for camborambo
A question for camboramboMr. Read did a write up on Nova shareholders selling Allana shares, for which he presented no evidence. In the same write up he said that Mag received financing. Can anyone show me that they actually received financing. I don't believe it.
Also, does Mr. Read expect that we will be selling Ethiopia's potash to the Ethiopian people, the rightful owners, at the same price as the Chinese and Indians will pay?
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"In closing, it should be noted that MagIndusries’ Mengo project in ROC has just been financed to the tune of ~$750 million based on metrics quite similar to Allana’s in many respects, but with a 35% higher capex per tonne production of $1000 to Allana’s $642 and payback of 10 years to Allana’s approx. 5 years at a $380/tonne potash price model. Allana also has a ready domestic potash market to sell what it believes will be about 35% of it’s production into that ROC doesn’t, among other proximal and strategic advantages. We can be sure all these factors are currently being duly considered by potential financiers/JV/equity/offtake partners as they conclude their due diligence."