Canaccord Genuity's Morning Coffee (06/21/2011)
"Allana Potash announced an updated NI-43-101-compliant mineral resource estimate for its Danakhil Potash Project in Ethiopia; the updated estimate includes all four potash-bearing beds (sylvinite, upper and lower carnallite and kainitite) in the project and is comprised of M&I resources totaling 673 Mt. with an average grade 18.65% KCl (composite of all four potash beds) and inferred resources totaling 596 Mt. with an average grade of 19.96% KCl (composite of all four potash beds). One Bay Street brokerage commented, 'The total tonnage increase is even higher than we expected and we estimate it increases the mine life of the Dallol project to >100 years, assuming a 1M-tpy open-pit mining operation,' adding, 'Allana Potash has long been our preferred junior potash explorer/developer, as we believe it is set to be one of the first to begin production (2014) and we estimate it to have some of the lowest-operating costs of all producers globally.'"

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: