EPM Mining Ventures Inc EMPGF

Comment Re - SOP Potash, Mark Lackey, Gold Report, Mar. 25

[TCup]

TMR: One of the interesting names in the potash space right now is Western Potash Corp. (WPX:TSX.V). There seems to be something of a bit of a bidding war on for it. What do you know about what's happening there?

ML: Western is not one that we follow, but we've also heard through the grapevine that people tend to look at Western and Potash Ridge Corp. (PRK:TSX; POTRF:OTCQX) as potential takeover candidates. We always try to take things with a bit of a grain of a salt, no pun intended.

Potash Ridge Corp. has a potential mine in Utah with its Blawn Mountain Project. What makes it special is that it is in the sulphate of potash (SOP) market, as opposed to the MOP market. The SOP market represents only 10% of the world's current potash production. SOP is a vital nutrient for high value crops such as nuts, fruits and vegetables and is essential in nourishing crops and strengthening and aiding disease resistance. SOP performs well with crops that have a low tolerance to the chloride in MOP and in saline arid, and heavily cultivated soils. Thus, there is a growing market for SOP, which trades at about $600/ton as opposed to $305/ton for MOP. There are very few SOP companies around, so we think that Potash Ridge, with its SOP project in a very good jurisdiction, is an interesting opportunity for investors