RE:RE:Now trading about $14 MILLION below cash!!!!
Check the natural gas price assumption used in the feasibility study. I looked it up a few months ago and was surprised to find they used a relatively high gas price. Can't remember the exact number and too lazy to look it up again, but I believe it was higher than the current gas price, somewhere around 5 bucks. I find this company to be very conservative with it's assumptions. With the new internally generated numbers on the website and higher cavern temperature production numbers and IRR, the gas price should not be a problem. In addition this play is by far the most advanced potash junior and with a rising potash price environment which we seem to be entering, would likely be the first to production. All just my opinion , good luck to all.