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analyst gives brazilian project the thumbs-up, page-2

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    Potash Blog extract.

    Fosters Stockbroking initiate coverage, and rate AGR as a buy - awaiting first drill hole results at Atlantic potash project in Brazil.

    AGR also has 3 phophate projects in Brazil.

    Brazil imports 91 percent of it's potash, and is an agricultural powerhouse.

    The Atlantic potash project covers 1,790 square kilometres in the potash-bearing Sergipe Basin.

    The Atlantic project is supported by data from 300 historical oil and gas bores along with 32,000km of 2D seismic.

    There are fertilizer blender plants located near Atlantic, providing a ready market for the potash.

    The nearby Jardim power station has sufficient capacity to support the mining.

    The final product will be granular potash, which is priced at a premium to standard grade.

    Analyst rating - Atlantic Potash project, Brazil

    Gw
 
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