KLL Performance Rights - Major Red Flag, page-5

I just read the whole K-UTEC study and the PFS. They will be pumping and lining ponds. The PFS presentation (page 12) says:

- Pond design reviewed by DSB International and DRA Global
- Outcomes have clearly identified pond leakage as a major SOP recovery driver and in turn capital & operating costs, pumping volumes, evaporation pond area and mine life
- Lined ponds may achieve a SOP recovery of up to 87% (excluding purification plant recovery loses)
- Unlined ponds may achieve a SOP recovery of up to 69% (@0.5mm/day leakage, excluding PPRL)

The above points sounds like they didn't really test unlined pond designs (speed).

Why don't you find out Blue Fox? Call them and get them to provide you evidence showing extensive research completed to date for all their costs drivers. It is possible it's been done or will be done going forward leading into the BFS. If so, you may not be the first to market as it takes a long time to complete (just ask us).

I believe there is a boom coming in food production because of the Chinese and Indians. So if you find out please post it. I am interested in Potash and may invest in KLL if they can provide a bit more confidence in their studies.