Apr. 22 at 9:30 PM
$MLPNF Posted on behalf of Millennial Potash Corp. – Potash prices in Brazil just hit ~US
$405/t, above Millennial’s PEA base case of US
$387/t, strengthening the economics at its Banio Project.
With projected operating costs of ~US
$61/t and ~US
$22/t shipping to Brazil, Banio is positioned as a potentially low-cost supplier into a major import market.
The project already shows strong PEA economics (US
$1.07B NPV, 32.6% IRR) and a large ~6Bt resource, with plenty of upside as drilling continues.
Source: https://x.com/MLPotash/status/2046662279412977825