Verde Potash, founded by Brazilians, is a mineral exploration and development company focused on fertilizers. The company is developing the Cerrado Verde project in Brazil, a source of potash-rich rock from which Verde plans to produce a slow-release, non-chloride, multinutrient, fertilizer product named 'ThermoPotash.' Founded as Amazon Mining in 2005, it changed its name to Verde Potash in April 2011 to better reflect its main business. The company also is exploring for phosphate and limestone.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Jamie Ashcroft, Proactive Investors
"For investors in Verde Potash, which is developing the Cerrado Verde project in Brazil, there are some significant positive implications, and perhaps even opportunities. . .with Rio Colorado on the shelf, the Canadian junior's project becomes South America's largest 'active' potash project, with resources weighing in at 2.8 Bt at 8.9% potassium oxide. Second, the already tight regional potash market will now be short of the 4.3 Mt of product that Rio Colorado was expected to supply each year."
Kerry Hall, Mining.com
"Verde Potash is working on building a strip-mining operation, Cerrado Verde, in the western state of Minas Gerais in Brazil. . .it is also developing a nearby companion limestone project, Calcario. . .currently, the company is in negotiations to sign off-take agreements with potential partners as well as waiting on the outcome of the permit process with the Brazilian government."
Anoop Prihar, GMP Securities
"The investment thesis for Verde Potash remains intact. . .the in-country demand for potash is expected to remain strong given that Brazil is one of the fastest-growing agricultural producers in the world. Moreover, Brazil imports 90% of its current potash consumption and government policy is to be self sufficient by 2020. . .with uncertainty looming over some of the major potash projects in the region, we believe Verde is uniquely positioned to take advantage of this opportunity. . .we continue to rate the company a Speculative Buy."
Michael Scoon, Stifel Nicolaus
"Last week we visited Verde Potash's Cerrado Verde project. . .following the site visit, we are upgrading our recommendation from Hold to Buy. In our opinion, over the past few quarters, management has worked well toward derisking the project and we are now more comfortable with the mining process, technology used and location benefits inherent in the company's project."
John Chu, Alta Corp Capital
"Verde Potash Plc noted that testing over a four week period has been successful, with over 42 tonnes of "feed material" (verdete, salt, limestone, petcoke) processed. The results will be published in its upcoming BFS, which the company stressed is on-track for release in H1/13. . .Verde also announced that it is engaged with multiple parties for off-take of KCl, all of which are Brazilian-based buyers of granular KCl. . .the location of the project is highly advantageous as Brazil imports ~90% of its potash needs and any domestic sourcing for potash would be lucrative and possibly regarded as strategic; we remain an Outperform with an $11.50 target."
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