Not sure this is one of the reasons our directors bought massive shares on the market.
GNI:
"E70/4081 (of 5 graticular blocks) was applied for on 14th March. This tenement is near Watheroo, some 200 km north of Perth. It is believed that this area may have potential to host potash deposits contained within glauconitic greensands."
PWN:
"An interesting glimpse of what's possible for GMM today from newcomer PWN. SP up from 20.5c to 29c before closing at 25.5c on news of positive potash drilling results. This on the back of two previous green days and on a day of carnage in the market."
PWN has intercepted 30--75m K2O, close to surface and its SP soared 60% to 29c closed at 25.5c lin last 2 days.
PWN's tenements cover an area of approximately 2,100 km squared and are near-surface or outcropping. Potassium can be extracted from glauconite to produce potash, the term applied to a group of water-soluble potassium salts used in fertiliser.
GNI's tenement is just in same area, PWN already verified the potash potential for GNI.
good luck!
GNI Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held
