When they were drilling the property and didn't know what they had, that's when one would need "hope" that they find enough potash to make a commercially feasible mine. Since that risk is now mitigated, along with the other milestones they have met (Feasability study, Environmental study, license etc), what is required now is patience.

I can guarantee that there were at least four entities in the boardroom when they signed the ICL deal.

1. Allana was there, of course.
2. ICL was there.
3. Ethiopian government officials.
4. Lending banks (afreximbank, African development bank and maybe others).

The point is that ICL wanted the Ethiopian govermnment there to ensure that they support the project, building roads etc. The government was there to ensure that the project would move forward, that they were not wasting time and money building roads and rail lines to the desert. The banks were there to protect themselves, ensuring that infrastructure would be in place and that Allana had a partner in building and operating the potash mine.

So it's no longer a matter of hoping that everything falls into place, it's a matter of time. And time requires patience.

© 2014