Re: Emotions and Money --don't mix
in response to
by
posted on
Oct 04, 2014 03:26PM
Focusing on the Dallol Potash Project in Ethiopia
Sorry JB, with respect, I believe your math is off re. reserves and minable tonnes as the enclosed presentation from Allana Potash website confirms, however, as iterated by you, there is no doubt about the profitability of the resource operation.
RESERVES AND RESOURCES
As a result of the proposed mine plan and favourable economic results developed in the
Feasibility Study, Measured and Indicated Sylvinite Resources can be upgraded to Proven
and Probable Reserves.
Updated Sylvinite Mineral Resources Estimates effective as of Feb. 2, 2013
All Measured and Indicated Sylvinite Resource material was converted to Reserves and are
summarized below:
Sylvinite Mineral Reserve Estimates effective as of Feb. 2, 2013
RESOURCES TONNES (MT in-situ) KCL (%) KCL (MT)
Measured 115.3 27.8 32.0
Indicated 212.1 28.6 60.7
Inferred 90.8 27.8 25.2
ADDITIONAL RESOURCES
RESERVES MINEABLE TONNES (MT) KCL (%) MOP (MT)
Proven 33.0 28.0 8.2
Probable 60.8 28.8 15.5
TOTAL 23.7
In additional to Sylvinite Reserves and Resources, Allana’s Ethiopian Potash Project boasts
significant carnallite and kainite resources as outlined below (Effective April 17, 2013):
• Meas.+Ind. Kainitite Resource 1,150.5 MT 19.4% KCl
• Meas.+Ind. UC Resource 411.3 MT 17.3% KCl
• Meas.+Ind. LC Resource 557.2 MT 9.2% KCl