Encanto Potash Corp V.EPO.H

Alternate Symbol(s): ENCTF

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Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.

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Encanto Potash Corp

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Comment by Cacheitupon Mar 06, 2014 5:19pm

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Post# 22291531

RE:RE:RE:RE:RE:RE:RE:Is EPO out ?

I agree, all of the sask juniors are in the same boat regarding royalties and the current pre-feas numbers are lower than Krn's or Wpx's.
But I think they will be going up $15 or so in the full feas.

However if we take the $4.1B capex for K&S for their mine and apply it to the identical sylvinite mine that EPO proposes, and then assumed EPO could raise the $4.1B without dilution(it can't, and I think current shareholders will be obliterated by the dilution ) then at a 6% interest rate the repayments on the interest alone would be $240 million per year, with additional capital repayments and taxes taking out much of what's remaining from the $420m you quote.

I think that for a mine to be feasabille for EPO, Wpx or Krn we will have to see around $400 for a potash price.

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