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Passport Potash Inc. Message Board

  • financesajeed financesajeed Mar 3, 2013 1:25 PM Flag

    Passport Potash Incorporation (PPRTF): Project Review

    Passport Potash Incorporation (PPRTF :) is among the junior participants for acquisition and exploration of mineral properties -Potash. The company will go for commercial production of potash after completing developing stage activities. In the industry, major companies that have already boosted production of potash this year is Mosaic (MOS), PotashCorp (POT),Agrium (AGU),BHP(BHP), Rio Tinto(RIO) , Vale (VALE). PPRTF has been operating with specific target and mission to start commercial production, which is known from its document supplied for SEC Filling. According to SEC Filling (Form 10-Q), “Our principal focus is our Holbrook Basin potash project comprised of exploration permits and claims, some of which we hold directly and others which are subject to option, a lease over with an option to purchase the Twin Buttes Ranch property, and a purchase agreement for the Fitzgerald Ranch property. Our interest in our Holbrook Basin project is comprised of 53 Arizona State Land Department exploration permits, the Twin Buttes Ranch lease and option, the purchase agreement for the Fitzgerald Ranch property, and the option to purchase the Ringbolt exploration permits (an additional 25 ASLD permits)”. It is notable that the company has been advancing along with wholly owned two subsidiaries, PPI Holding Corporation, an Arizona corporation. Analyst says that, ‘Arizona may be critical to expanding domestic potash production. In addition to being one of the friendliest and safest areas of the world for mining, Arizona's deserts and plains have favorable year-round climates’. According to Arizona Geological Survey report, there are 682 million to 2.27 billion metric tons of potash are deposited with Holbrook Basin are in Arizona. It is reported that the above deposit underlies 600 square miles east of Holbrook, Arizona; particularly in the northeastern area of the state. It is matter whether PPRTF can gain a portion of the above deposit of natural resources to change its fate.

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