June 14, 2012
David Pescod's Late Edition ALLANA POTASH (T-AAA) $0.58 -0.02
Weren’t there some well thought of market mavens that were suggesting one of the investing themes for the last while, and for the future as far as that goes, should be agriculture as there are ever-more people in the world to feed and there are many of those people looking to upgrade their diets.
That was the theory. Fertilizer stocks once upon a time were creating a lot of interest. One story that did get a lot of mentions by those folks with hope for potash, was Allana Potash which today filed its National Instrument Compliant Technical Report which was dated back on April 30, 2012.
The Danakhil potash deposit is actually located in the Afar State, ETHIOPIA, and it looks like they’ve got a whole bunch of potash...they suggest total measured and indicated mineral resources of 1.297 Billion tonnes from all four potash horizons with an average grade of 19.3% KC1 for a total of 251 Million tonnes.
They also suggest an additional inferred mineral resource of 588.2 Million tonnes from all four potash horizons with an average grade of 18.6% KC1 for a total of 109 Million tonnes of contained KC1.
These are some pretty big resources, but this is not the story. The story with Allana and so many other mining stories these days is the sad state of the resource sector and in particular, mining ventures. In the last three to four months, the resource sector has been virtually seized with the ability to finance almost none existent unless you’ve had an absolutely unbelievable story.
The story is the chart on Allana...and so many other resource stocks these days. Allana is now yours on a four-forone sale from its high.
--- From Stockhouse.
