NEW Segment-SOP Potash
Intrepidneeds newbusiness segment,
SOP(Sulphate of Potash)is asolution !! See Compass Minerals,Intrepaid need SOP-project,POTASH RIDGE has very good SOP-project,for the next 40-100 years!!!
https://www.potashridge.com/blawn-mountain/Prefeasibility-Study/default.aspx
Prefeasibility Study
Key Highlights of the PFS (all figures denominated in U.S. dollars and U.S. short tons)
- Surface mine with conventional crushing, roasting, leaching and crystallization processes;
- An average of 770,000 tons of sulphate of potash (“SOP”) per annum during first 10 years of operation after ramp-up; life of mine average of 645,000 tons of SOP per annum;
- Proven & Probable mineral reserves of 426 million tons;
- Reserves support 40 year mine life, with potential to increase life of operations through exploration of two additional zones of known mineralization;
- Project after tax Net Present Value (“NPV”) of $1.0 billion using a 10% discount rate:
- Total sales of 26 million tons of SOP over life of mine;
- No terminal value added to the NPV, which assumes no extension to life of operations;
- Unlevered after tax internal rate of return (“IRR”) of 20.5%; payback period of 5 years after commencement of operations;
- Installed SOP capital cost of $1.1 billion;
- Strong cash flow generation with cash flow from operations of $234 million per annum excluding the two year ramp up period;
- Approximately 28% of direct capital costs are supported by packaged quotes;
- Expect to be a low cost producer: average net cash operating costs after by-product sulphuric acid credits of $218 per ton of SOP (inclusive of royalties), $173 per ton (exclusive of royalties); no credit assumed for possible revenue from the sale of alumina material.