FED intends to list in Australia. According to them there is a very healthy appetite for this company down under, they already have a group about to sponsor their listing on the ASX and will be doing road shows in Australia in May. So listing could happen pretty soon, maybe by summer.
This is a smart move considering the valuation South Bolder Mines gets in the Australian market (STB.AX).
STB has a mkt cap of aprox CAD 500M and they only own 65% of a similar potash project in Eritrea http://ethiopianpotash.com/EP_Comp_Sheet.pdf , so that would imply 650M for a 100% ownership. However STB also owns a greenfields nickel project in Australia, but I think little value should be assumed into that.
Either way, 500M or 650M its quite a bit more than AAA´s 300M market cap and suggests we might be in for some party when FED lists in Australia.
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