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News in The Globe & Mail

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It should be a very interesting morning on the markets for Allana with a News story about Allana Potash.

Allana Potash Corp. has hired a German company, ERCOSPLAN, to complete a preliminary economic assessment on kainitite resources that may be amenable to sulphate of potash (SOP) production at its Danakhil Project in Ethiopia. SOP is commonly used on chloride sensitive crops such as tobacco, fruits and vegetables and vineyards and typically commands a premium price to muriate of potash. The price differential between the two has averaged approximately $125-150 (U.S.)/tonne over the past several years and has increased to over $350/tonne recently. The kainitite mineral resources at Allana’s Danakhil Project are extensive, the company said.