RE:RE:RE:RE:RE:TD Games
mdjbrown wrote: Pray, I don't think it is that nobody gives a sh!t.
Those who understand the solution mine process, understand that this project still has to be derisked further.
Those calling for a dollar shortly, are out of touch at this point in the process.
A $250 million + market cap for a company that does not have a Feasibilty Study, or confirmed water source is not reasonable.
Some here do not understand what an Off Take Agreement is.........An agreement to purchase potash once the company is in production....That's it, and until production occurs, an Off Take Agreement is useless.
Secondly, if a consortium is interested in investing the billions required to build a solution mine, they will want control of the company. Western is a prime example, which of course includes huge dilution.
Not saying great things are not in store for EPO, however shareholders just have to be patient and realistic, as these mines take a lot of time and money to come to fruition.
jmo.
With respect, they were granted a water license 2 years ago so you`d have to clarify what ``confirmed water source`` means to you.
https://www.newswire.ca/news-releases/encanto-potash-receives-water-rights-licence-512017511.html
Secondly, an offtake agreement agreement may not be the end game but it`s certainly not useless as you say if it is long enough and for enough tonnge to attract ptoject financing on favourable terms. Unlike Karnalyte signed, unlike Allana signed, unlike Western signed.
EPO is rumoured to be negotiating about 2M tonnes per year for upwards of 20 years. Longer than KRN, longer than AAA, longer than AAA. More tonnage than KRN, more tonnage than AAA, more tonnage than WPX.
With a consortium of potash distributors, not a single entity. More leverage than KRN, more leverage than AAA, more leverage than WPX.
We`ll have to wait and see.