TSXV:EPO.H - Post by User
Post by
Kamoozon Jan 28, 2017 9:12am
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Post# 25767358
Very interesting news
Very interesting newsVery interesting points with a lot to digest:
1. “We’ve secured the entire market share of India in our agreement. It has not been done before – no one has previously secured a company for a 20-year period.
2. Provide up to 1 800 jobs during project construction– more than the keystone pipeline..
3. The company has already started earmarking thousands of acres of agricultural land for pulse crop production for export to India. The agreement goes as far to facilitate Indian agricultural producers exporting their products to international markets.
4. “This is the guaranteed sale of potash for 20 years – why waste your time in other markets when you can capture one of the most important markets as a whole?” he states.
5. India is currently in a rapid growing phase, much like China was about ten years ago, Daskos says.
6. Daskos notes that the last three potash juniors to approach final feasibility stage were bought out before they could make it to production, while one other has recently sold control. Encanto looks to be among the first new potash mines in Canada in more than 40 years.
7. “We will now wait and look at the updated numbers before taking next steps. About 2 000 people will now share in the wealth creation that is about to take place on the First Natio reserve, enabling a better quality of life for them.”
8. After mulling over the PFS results, Encanto will then look to secure external supply to make up the balance of the offtake order for 20 years. However, if that is not a possibility on favourable terms to the Muskowekwan people and Encanto, it will look at options to expand the mine capacity to five-millon tonnes a year.
9. Daskos says the Muskowekwan project is expected to produce first product within about 36 months of the company taking a construction decision.
10. Encanto’s latest agreement adds to the existing two-million-tonne-a-year, 20-year agreement with India’s largest trading company, Minerals and Metals trading Company
GLTA