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justin_a_lyesse

02/01/15 11:15 AM

#11761 RE: Ogi1 #11760

You are welcome Ogi and I hope you don't think I am merely "pumping" Allana. I am a long time investor and have a considerable number of shares.

As far as your suspicion that ICL is playing games, as it is in ICL's best interest to have the share price of Allana as low as possible. Does ICL have anything to do with the currently depressed share price and more importantly the share price plunge that we experienced in Dec 2013 just when negotiations were going on regarding the partnership? I am not willing to share my opinions of such things on a public forum but we must all keep in mind who was to benefit the most from the depressed share price in Dec 2013.

On another note, you make an excellent point that the original feasibility study was done when MOP prices were much higher than they are today.

As for the CAPEX for SOP, we will get a better idea of that once the PEA comes out. But the CAPEX might be lower than you expect since, I believe, the SOP is very shallow, ~60 meters or so. Open pit might be a possibility but that is total speculation on my part.