Goombarh 72 - November 23, 2011
Good Day,
Have not sent anything for a couple of months. Just sitting tight and waiting.
Meanwhile, the Kurdistan oils have come awaken. I hold Westernzagros (WZR.v, WZGRF) and Vast Explorations (VST.v, VSTFF). There are some notes referring to recent press news on the Goombarh's blog site.
Yesterday, Allana Resources posted this news release: http://www.stockhouse.com/financialtools/sn_newsreleases.aspx?qm_symbol=T.AAA&newsid=8373373
After-tax Net Present Value of US $1.85 billion; - After-tax Internal Rate of Return of 36.8%; - Total development capital expenditures including mining, processing facilities, port and logistics infrastructure ("CAPEX") of US $796 million; - Total operating expenditures ("OPEX") on a per tonne basis (including production, transportation/handling, port, loading costs) FOB on the Vessel of US $90.54 - PEA is based on Annual Production of one million tonnes of MOP per year using solution mining; - Potential to expand production to two million tonnes per year of MOP; - SOP production potential to be examined during the ongoing feasibility study.
Allana is next door to a Goombarh holding, Ethiopian Potash (FED.v, ETPHF). FED's drilling presently for their own PEA due maybe Q2 2012. However, the Allana enthusiasm was enough to wake up FED. Here is FED's chart:
Ethiopian Potash seems to have bottomed and now broken out upwards. I hold many warrants.
Good Luck to you all!
Until next time,
Marco G.
Posts
No comments:
Post a Comment