North American Potash Developments Inc (fka NPD)

[kiwisteve]

got a Lebed email alert on this today -



World Resources: Estimated domestic potash resources total about 7 billion tons. Most of these lie at depths between 1,800 and 3,100 meters in a 3,110-square-kilometer area of Montana and North Dakota as an extension of the Williston Basin deposits in Saskatchewan, Canada. The Paradox Basin in Utah contains resources of about 2 billion tons, mostly at depths of more than 1,200 meters. The Holbrook Basin of Arizona contains resources of about 1 billion tons. A large potash resource lies about 2,100 meters under central Michigan and contains approximately 40 million tons. Estimated world resources total about 250 billion tons.

Substitutes: There are no substitutes for potassium as an essential plant nutrient and an essential nutritional requirement for animals and humans. Manure and glauconite (greensand) are low-potassium-content sources that can be profitably transported only short distances to the crop fields.

http://minerals.usgs.gov/minerals/pubs/commodity/potash/mcs-2012-potas.pdf

http://www.napotash.com/properties/paradox/

NPD owns over 6,200 acres, adjacent (only 30 miles away) to Intrepid Potash. Intrepid trades on the Nasdaq at 25.77 under symbol IPI with a $1.9 BILLION market cap! This company is no joke and is producing about 100K tons per year.

What's interesting is that NPD now has Todd Gilmer on the Board who worked extensively with IPI.
http://www.napotash.com/corporate/directors/

As of November 30, 2011, NBD had 35.075 million shares outstanding giving a market cap at $0.225 of $7.89 million. NPD also had $2.1 million in cash and no debt.

[SevenTheHardway]

NPD.V NEWS OUT!!! North American Potash Developments Inc. Acquires Potassium Sulfate/Alunite Property in Santa Cruz, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/27/12)-North American Potash Developments Inc. (TSX-V: NPD.V -News)(OTCQX: RNGTF.PK - News)(Frankfurt: 3OZ.F - News) ("NA Potash" or the "Company") is pleased to announce that it has entered into an agreement with Sulfate Resources LLC. ("Sulfate") to acquire a 70% interest, and up to an additional 6% interest, in certain mineral rights located at the northern end of the Patagonia Mountains, Santa Cruz County, Arizona. This property is known as the Patagonia Alunite Property (the "Property"). The Property consists of 222 lode mineral claims in alunite deposits which carry substantial potassium sulfate values, and applications for potash prospecting permits covering a total of 5,680 acres. These mineral concessions are located in the western portion of the Red Mountain range in Arizona, and are located about 50 miles south-southeast of Tucson.
The Property was the subject of an extensive program to identify potassium sulfate and alumina resources by Earth Sciences Inc. ("Earth Sciences") in the 1970's. Earth Sciences drilled 100 exploration drill holes averaging 133 feet in depth, and conducted extensive bedrock sampling and metallurgical testing. Based on their data, Earth Sciences estimated some 303 million tons of mineralized material that averaged 30% alunite (91 million tons alunite), or 11.1% alumina (33 million tons Al2O3). The mineralize material is estimated to also contain 18 million tons of potassium sulfate (K2SO4). These historical estimates are not being treated by the Company as current mineral resources or mineral reserves as defined in NI 43-101, as a qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves. The Company notes this historical data as being subject to possible future validation and verification.
Undrilled parts of the Patagonia property include Red Mountain, Kunde Mountain and Saddle Mountain. These areas are geologically favorable for identifying further mineralization. Metallurgical test work and preliminary feasibility studies by Earth Sciences indicated that the potassium sulfate plus alunite deposit can be mined using the open cut method. Possible mill sites were not evaluated by Earth Sciences. Infrastructure for mining is excellent: Arizona is host to a favorable climate, has good highway access, has access to railroads, has electrical power and has a nearby mining-related labor force.
The Company plans to target the economic potential of producing potassium sulfate and alumina from the Property.

[SevenTheHardway]

ALERT! NPD.V touched a new recent high of .24 yesterday and closed in a bullish manner for 6th consecutive trading day following 275k vol! This is becoming more intense as development unfolds, will be interesting to watch during spring! IMO!

[SevenTheHardway]

WELCOME TO THE BOARD FOR NPD.V, this new potential multibagger gainer just hit my radar!!

Increasing demand for potash has been a major price driver for years for this commodity and has sparked new venues for small agricultural producers to rev up and monetize on what seem to be huge reserves spanning across US alone, see price chart here: http://bit.ly/wEaBiV

NPD is a Canadian potash mining and exploration co operating a 70% stake in 2 subsidiaries i.e potash exploration companies based out of Utah. NPD.V holds drilling permits for a 6,400 acre project in Utah and additioinal applications for potash prospects totaling over 24,000 acres. Just in Aug the co announced that it commenced a drilling of a shallow 2,400 feet hole which has already been asseyed and returned some decent mineralization results, read news here: http://bit.ly/AjAFKA NPD has put in place its 3D seizmic state-of-the-art technology in order to survey and sample potash layers on a property with proven historical deposits estimated to have a future life span of 30 years! And it was only recently when the company appointed new management members to the board and went on to sign a memo with US Bureau of Land management to commence its environmental approvals! NPD seems o be on something big! It is, to my best experience, that companies appoint new management board members prior to executing a MERGER and/or joint venture! More developmental updates looming on horizon!

As for the share structure and what investors may be VERY pleased with when they first look at the company is its HIGHLY favorable outstanding share count which is ONLY 35M as of Nov 30, 2011!

On an important technical sidenote the stock chart is shaping up to what might turn up to be a BREAKOUT! See chart here: http://bit.ly/z65IJr NPD.V has bottomed out and for 2nd time in history, touched its next level of support at .24 mark which brings me to my next point that given the past resilient price swings, the next leg of support which has been forming since late Dec and up through Jan and MACD which is unambiguously pointing out strength, the stock price may as well stage a bounce at these levels. Last but certainly not least, according to the volume chart, buyers are accumulating the stock at these levels thus forming the next base of support! The On Balance Volume is leveling up and RSI chart is hovering around 70 mark which are both reliable bullish indicators! Following the next company update the stock price may start picking back up towards old highs and if it does so we may witness over 300% of gains made easily!