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Message: Ethan's post on SH

Morning Fertiman,

I agree, once they have water stress test complete and in hand.

Should be complete by end of Jan 2015. (according to Allana presentation)

In hand "?" lets say a few weeks. (Feb 15/2015)?

Large scale cavern testing. Unless I'm wrong, but isn't that the same as "optimization studies"? On the latest presentation: undercut leaching in lower Carnallite layer to begin late Jan 2015. I assume they must have started, and they expect the completion of Sylvinite leaching by Q2/2015 (june).

Then that report has to go in there hands for study.(July).

Banks and technical advisors review.(July, start of Aug)

Now we push them (lenders, Banks, who have you) to start releasing the funds. (Aug-)

We are in the third Q at best.

I'm optimistic that all the test results will be positive, but I'm concerned that we may get a delay because of the suppension of AMEC's FEED study? Who know's the SOP work could cause some delays as well, which is fine if the PEA is good to excellent.

So my take on the presentation (new one) is they better get cracking if they want "completion of debt in mid 2015".

If it happens faster than that GREAT, let's get the share price climbing.

These are my opinions only.

Thanks

Marc

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