Millennial Potash: Insight on Positive PEA and What's Next

Farhad Abasov, Chairman of Millennial Potash, discusses the positive results of the company's recent Preliminary Economic Assessment (PEA) for the Banio Potash project in Gabon. The PEA shows an after-tax NPV of over $1 billion and an After-tax IRR of 32.6%. Abasov explains that the project has solid legs, with a thick and continuous potash deposit. The low operating costs are attributed to the solution mining approach and thickness of the potash deposit. The estimated operating cost is $61 per ton, which is very competitive in the market. Abasov also discusses the infrastructure plans in the area and for the project, and strategic investment opportunities for the project.