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Focusing on the Dallol Potash Project in Ethiopia

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Message: Re: New interview with Farhad
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Aug 01, 2014 06:56PM

Unfortunately the interview also re-affirmed 60-65% debt and (presumably) 35-40% equity. I sure hope Farhad has something creative up his sleeve for the equity because even in optimistic scenarios where the SP breaks $1 before any further equity financing (that's fairly optimistic given that's over 50% of NPV at current potash prices), longs won't do very well.

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