Encanto Potash Corp. - Die nächste Athabasca-Potas

Company: Encanto Potash Corp.

Project: Muskowekwan

Location: 100 kilometres north of Regina

Est. Resource: Expected in Q1, 2011

Est. Mine Life: Expected in Q1, 2011

Est. Production Start: 2014 to 2016

Advantage: First Nation relationships

While Encanto's official resource estimate isn't expected until early next year, company president and CEO Jim Walchuck is confident the company's Muskowekwan project will win the greenfield race.

"We're going to take a run at it, definitely," Walchuck said in a recent interview from his Vancouver office.

Plans to build a conventional potash mine in central Saskatchewan are coming together and the resource at the site "is as good or better than anyone else out there," the CEO said. But what really sets Encanto apart is its relationship with Saskatchewan's First Nations.

"What makes it special is the fact that they want this project to go ahead as much as we want this project to go ahead, so there's no impetus to slow us down," he said. "We're both aligned in getting this project into production as fast as possible."

Because First Nation land is under federal regulation, the company only has to work with Ottawa and its aboriginal partners on the development of a Muskowekwan mine. Of course, Walchuck said, Encanto will abide by provincial regulations and guidelines.

However, the CEO added, having only two main stakeholders to work with speeds up the entire greenfield process.

"The biggest thing is to get your mining permit, and having only two stakeholders makes it a lot better for us and therefore should be a lot faster for us," he said.

Four to six years from now, Encanto could have a potash mine in production.

"What is the opportunity? I think it's pretty high," he said.


http://www.leaderpost.com/...tchewan/4031330/story.html#ixzz1BCeXFG52

Der Clip ist ziemlich interessant:

http://www.globalregina.com/...ive%20potash%20deal/3802824/story.html  

Encanto (TSX.V:EPO) is also on that potential buy-out list.[/red] Encanto is a well-run potash junior with resource grades that compare favourably to Athabasca. They have similar thickness and grade – while EPO has market cap of $23 million – about one tenth of the API valuation. So EPO has lot of share price upside as they build up their resource with more drilling and 3D seismic.

EPO’s first drill hole at its Muskowekwan potash property in Saskatchewan returned values of 25.2% K2O (39.9% KCl) over 3.6 metres in the Patience Lake potash bed, and 25.5% K2O (40.4% KCl) over 2.4 metres in the Belle Plaine potash bed. Drilling in the lower Esterhazy Member returned values of 5.3 metres of 12.4% K2O (19.6% KCl).

The size of Encanto’s land package is 36000 acres and the two beds combined are 6 m thick. That’s a potential mineable resource of about 137 M tonnes of K2O or 217 M tonnes of KCL. About $200 billion worth of potash.

Not surprisingly – given all this activity – a UBS analyst upgraded shares of POT from “Neutral” from “Buy” and increased the price target by $6 to $112 – implying stock gains of about 20% in the next year. Potash Corp shares rose 3% percent on the news.

But big trees don’t grow as fast as little trees. Keep your eye on Western and Encanto as the potash sector heats up again  

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http://www.theglobeandmail.com/report-on-business/.../article1907519/
Min 03:40  

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