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Cheeky Kid

06/20/11 10:01 PM

#5565 RE: VONSTER1 #5564

Email I just received from Farhad:

The resource went up 12 times. We did not have measured and indicated. Now we have 673 million tonnes of measure and indicated category with pure KCl of 126 million tonnes. Additional 596 million tonnes of inferred on top of it with another 119 million tonnes of in situ KCl.


We had only 105 million tonnes of inferred before. So no matter how you look at it, it is a fantastic result and we are moving full speed ahead with our development.


We will start BFS this summer.


Cheers,

Farhad

Max Power

06/20/11 10:02 PM

#5566 RE: VONSTER1 #5564

some highlights from todays PR:

ERCOSPLAN indicates that the current resource is based on only 40% of the licensed land area and believes there is excellent potential to expand the resource and to upgrade Indicated and Inferred resources into Measured and Indicated categories.