Potash One fka KCL

[lowpdop]

Other KCL share price comparisons

All information was gathered from the companies presentations, websites, and 43-101 documents:
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KCL = 43.45 million tonnes of K2O indicated and 425.55 million tonnes K20 inferred = 469 million Indicated and Inferred K2O resource—or 69~ million KCL indicated and 675 million inferred KCL for a total of 744.5~ million indicated and inferred KCL resource.
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ALM = 31.25 K2O measured and indicated and 64.25 K2O inferred (51million tonnes KCL measured and indicated and 105 KCL Inferred (25% of the BHP project—total for BHP 75% and ALM 25% =125 million K20 measured indicated and 257 million inferred = 383 million total K2O for BHP/API combined—206 million KCL measured indicated and 421 inferred = 627 million tonnes KCL for BHP/ALM combined entire project (KCL project is bigger then the entire 100% )
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MAA= 186 million tonnes KCL Inferred = 117~ million K2O Inferred
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API = 29.12~ million KCL inferred = 18.35 Million tonnes K2O
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Pps comparison of fair value with above metrics compared to each company:

ALM (5.45pps) is trading @ a 1.34x KCL market cap premium; KCL has 1.35x more indicated KCL and 7.1x more inferred KCL

4.07 x 1.35 x 7~ = 38.5pps right now for KCL if given rough compared fair value to ALM
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MAA (1.97pps, though have other parts to business so I will take off half the valuation for MAA share price and assume it is getting 1 out of 1.97 for the potash project) MAA then with a 1pps would still equal 1.6~x premium over KCL market cap; KCL has 4x the inferred KCL resource if compare both KCL and MAA 43-101 documents. = 4.07 x 1.6 x 4 = 26 KCl pps (52pps if MAA was solely valued on the potash project)
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API= (7.65pps) 2.5x~ KCL market cap; KCL has 26x~ the inferred resource: 4.07 X 2.5 X 26 = 264.55pps (slightly different between this and previous post, but within 20points)
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KCL fair value right now as of Dec 31 as compared to the other three major juniors potash companies and resources:

KCL share price of 264.55pps if equal to API

KCL share price of 38.5pps if equal to ALM

KCL share price of 26pps if equal to ½ MAA (52pps if potash is the only part of MAA getting value).

Potash1’s project pushing the amount of KCL of almost all 4 companies (API, ALM, 25%+ BHP’s 75, MAA) combined by itself—yet it only has a 125 million dollar market cap—but if all these calculations are correct I assume that will change one way or another in a big way in the near future.