RDS 25.0% 0.9¢ redstone resources limited

rds have large tenement near known potassium

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    Redstone announced in September they had acquired large ground holdings (2600km2) near 2 worldclass deposits Fazendinha - [email protected] 28.8% KCl and Arari - [email protected] 17.7% KCl

    The principal geologist for Redstone was involved in finding and establishing those potassium reserves.

    Hopefully there is some update on what they plan to do wit these large holdings soon as potassium prices are set to rise this year with the growing demand for fertiliser.

    (From MAK thread)
    Fertilizer Makers Gain as Doyle Says Crop Boom `Just Beginning'

    By Christopher Donville and Jack Kaskey

    Feb. 19 (Bloomberg) -- Mosaic Co., Terra Industries Inc. and other fertilizer makers gained after Potash Corp. of Saskatchewan Inc. Chief Executive Officer William Doyle said food demand in India and China will boost crop-nutrient sales for years to come.

    Potash Corp. is so confident in its long-term prospects that executives considered taking the company private after the stock price fell more than 21 percent during three days in mid- January, Doyle said.

    ``Certain people thought it was the end of the agriculture story when it is really just the beginning,'' Doyle, 57, said today in an interview in New York with Bloomberg Television. ``We know that our earnings will be much stronger this year.''
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