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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO)
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From: TheSlowLane1/4/2012 11:34:47 AM
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Looked through the Potash Ridge presentation. Their main project had a lot of work done on it historically that they will be able to leverage by updating it rather than redoing all of it from scratch. The ore was pilot-tested through the same type of plant as one currently operating, with a simple flowsheet. Mine plan, feasibility study and engineering work have been completed historically but need updating. Targeting 2015 production start. They are drilling to bring the deposit up to 43-101 standards. They anticipate a production scenario of 740K tpa of SOP (potassium sulfate). SOP sells for about a 50% premium over standard potash. So assuming a $550/ton price for regular potash, that would be $775/ton for SOP or production of $573,500,000/year. All resource classes taken together...means that production rate could be sustained for several decades.
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