AMN 3.45% 14.0¢ agrimin limited

 BF I calculate as follows:Average trench drainage rate (from...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,068 Posts.
    lightbulb Created with Sketch. 7
     BF I calculate as follows:


    Average trench drainage rate (from latest update)- 1.62 cubic metres of brine per linear metre of trench per day = 1.62 x 365.25 = 591.7 cubic meters per linear metre of trench per year. 


    PFS requires 65-68M cubic metres of brine per year.   


    68,000,000 / 591.7  = 114,923 linear meters of trench = 115 linear km required to supply indicated requirements.  Call it 150 -200 linear km of drainage trenches required.    


    Could you explain the justification for saying "They will need wellnin excess of 500km of trench on those figures"  ? 


    PFS has requirements for 546 linear km of trenches including feed trenches to supply the 65-68 million cubic metres of brine per year.  So it looks to me like the PFS which budgets USD28M for construction of the trench network is  appropriately conservative.   In any event at 7% of projected PFS capex the project shouldn't be that sensitive to initial trenching requirements. 


    At 3,633 mg K / L or 3.63kg/cubic metre of K (molar weight ratio of 78:96 K2:SO4) gives a sulphate of potash concentration in brine of 8.1mg/l  which is bang on the PFS figures of 7.7 - 8.1 mg/L.


    Previous field work had similar concentrations and average flow rate of 1.4 cubic metre per linear metre per day of trenching. 


    Looks fine to me.



 
watchlist Created with Sketch. Add AMN (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
-0.005(3.45%)
Mkt cap ! $60.70M
Open High Low Value Volume
14.5¢ 14.5¢ 14.0¢ $9.437K 67.18K

Buyers (Bids)

No. Vol. Price($)
1 86515 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 13510 1
View Market Depth
Last trade - 12.49pm 22/11/2024 (20 minute delay) ?
AMN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.