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Gold/Mining/Energy : Allana Potash Discussions

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Jan 17 4:00 PM EST

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To: LoneClone who wrote (759)	6/26/2012 12:46:38 PM
From: u2bob	of 826

Yup tuff sledding for sure ...that's why I'm glad Farhad got LMM and IFC on board early on ... 26th June 2012 Today’s Top Story Allana Potash (AAA-TSX) Bloomberg reports that the Ethiopian Government and China Communications Construction have signed an US$1.5bn deal to build a 360 kilometre railway line to carry potash to Djibouti. According to The Africa Report, the new line is planned to run from Mekele to Hara Gebaya, while both indicate that it is planned to be complete by July 2015 With both Allana and Sainik/Yara International (YAR-NO), hoping to truck 1 million tonnes per annum by road from their Ethiopian projects, the lack of a railway line limits expansion possibilities and may be one reason why BHP Billiton (BLT) has been so silent and so slow in developing their project in the same area. With a railway line waiting to be utilised, they will have no excuses. However, before we get too excited, there needs to be a checking query as to location. Both Mekele and Hara Gebaya are to the west of the Dallol depression, and appear to be separated from it by a significant escarpment. One will only get excited if it is confirmed that the railway line will actually enter the depression where the potash resources are being developed. Trucking 2 Mtpa of potash uphill (more correctly up a mountain) is going to be more expensive and offer more potential bottlenecks, than trucking the material all the way to Djibouti. Allana Potash share price Source: www.stockhouse.com Allana was up 5.66% yesterday on this news, as the lack of a railway line was always a negative for Allana. With one in place and supposed development agency and bank finance available for the mine, what could one be waiting for? At 56 Canadian cents they are capitalised at almost C$130m, while Libertas Capital Corporate Finance minesite.com Have a great day... Bob

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