Re: New thread: Mine life vs water availability vs annual output
in response to
by
posted on
Apr 14, 2014 02:38PM
Focusing on the Dallol Potash Project in Ethiopia
I agree, this 25 years is based on proven reserves and I think they had to state to a max of 25 years as per the terms of the mining Lic. with the intent for 1 million tons., they can always revise this to two or more million tons as there is plenty of potash at our site. As for water from what has been said at the AGM's in the past is there is more water than what has been stated in our water test report as they used very conservative numbers. Also the Gov. of Ethiopia had conducted test in the area that shows a much great amount of water in the area than reported.
When we get bought out buy IC or a Company from China they will produce a hell of a lot more than one million tons per year. IMHO.