Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (57949)	3/27/2008 7:37:17 PM
From: AuBug	Read Replies (2) of 78419

I was making a potash list and I get a different number than the article cited for mkt cap/ton in the ground: "...Anglo Potash [t]AGP.v[/t] are trading at less than 50 cents per tonne of potash in the ground." I get $1.49/t for KCl-equivalent reserves of 133,000,000 tonnes as stated on slide 4. That's for a mkt cap of $198,100,000. Maybe someone knows about more reserves than AGP.v's website reports today. anglopotash.com "... the recent auction of a Russian potash mine on the order of 600 million tonnes yet to be developed which sold for about US$1.20 per tonne according to Bloomberg and analyst sources..." It's nice to have a reference point to value non-producers, if it's calculated right.

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