$214M Market Cap: Brazil imports 90% of its potash and is expected to be the biggest importer of potash in the world by 2020. Verde Potash was founded and is led by Brazilians. Verde is developing the Cerrado Verde project in Brazil, a source of potash-rich rock from which the company plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product named ThermoPotash. Cerrado Verde is a unique project: 1) its high grade potash rock is found at surface, allowing fast construction of a scalable and low Capex operation; 2) it is located in the midst of the world's third largest and fastest growing fertilizer market; 3) it connects to Brazil's largest fertilizer distribution districts via existing and high quality infra-structure. In summary, NPK has a large resource, Super-low CapEx ($200m) estimated to produce 1.1 MTPY, backed by government, with a great share structure (32m OS). Expected Production: 2014.
http://www.verdepotash.com/Theme/AmazonMining/...September%202011.pdf |
