SO4 0.00% 43.5¢ salt lake potash limited

Forgot to add the Shorecan valuation (below), worth noting this...

  1. 10 Posts.
    Forgot to add the Shorecan valuation (below), worth noting this is just for Lake Wells, they have a total of 9 lake beds to extract SOP from (remember SOP is more valuable than the much more common MOP). Given the scale of the resources it is easy to see why a buy out at 20X current m/cap is my target after the demonstration plant is up and running

    "Valuation: significant upside potential
    Our ‘base’-case post-tax FY2018 NPV10% valuation for Salt Lake Potash is £259m (114p/share FD). This valuation considers primary SOP production at Lake Wells only, based on the lake’s current resource estimate. It does not provide the potential for production of co-products/by-products, ‘secondary’ SOP production from Muriate of Potash (MOP) conversion, renewal of SOP resources as a result of brine recharge, or production from the other lakes in the GSLP. "
    From the Shorecap research Note, 17th Nov 17
 
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