SO4 0.00% 43.5¢ salt lake potash limited

Correct me if I am wrong but the proposal is to start off using...

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  1. 3,933 Posts.
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    Correct me if I am wrong but the proposal is to start off using brine from the Williamson pit and from the Blackham lease area over Lake Way. Later they will use brine from their own Lake Way leases.
    The ponds and plant will be sited on/around Lake Way.
    Lake Way is the most northerly lake in the portfolio, other lakes look to be up to 400km+ away. Do they propose using the processing plant at Lake Way to eventually service the other lakes? Is this idea being sold purely on the proximity to roads?
    The PFS from a peer company suggests that the ratio of plant feed to actual SOP production is almost 10:1.
    I guess there will be differences in metallurgical processes but they will be carting a lot of feed stock which surely will erode the touted transport cost savings associated with being close to road and rail. The flip side is that they don't need the capital to build roads.
    It will be interesting to see if the PFS for Lake Way mentions the other lakes.

 
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