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SV Rating: Good Spec Value - Favorite - as of December 30, 2022
Corporate Change History
#Old for New
Last Price
Prior Name
Subsequent Name
Details
Apr 1, 2011
Name Change
1:1
$8.39
Amazon Mining Holding plc (AMZ-V)
Verde Potash PLC (NPK-T)
Apr 11, 2012
New Exchange Listing
1:1
$5.51
Verde Potash PLC (NPK-V)
Verde Potash PLC (NPK-T)
Jul 28, 2016
Name Change
1:1
$0.39
Verde Potash plc (NPK-T)
Verde Agritech Plc (NPK-T)
Aug 2, 2022
Name Change
1:1
$8.70
Verde Agritech Plc (NPK-T)
Verde Agritech Ltd (NPK-T)
Recommendation History
Edition
Date
Price
Recommendation
Gain
BF2009
12/24/2008
$0.15
New BF MP Buy $0.10-$0.19
-21%
BF2009
7/31/2009
$0.80
New BF Spec Cycle Hold 100%
321%
SV2009
12/18/2009
$1.63
Good Absolute Spec Value Buy
0%
SV2009
1/29/2010
$2.03
Confirm Good Absolute Spec Value Buy
24%
SV2009
4/14/2010
$1.94
Confirm Good Absolute Spec Value Buy
19%
SV2009
8/11/2010
$2.08
Confirm Good Absolute Spec Value Buy max $2.00
28%
SV2009
12/21/2010
$4.81
Confirm Good Absolute Spec Value Buy
195%
SV2009
11/30/2011
$7.00
Confirm Good Absolute Spec Value Buy
329%
BF2009
12/30/2011
$7.00
BF Technical Closeout Hold 0%
3,584%
SV2009
12/30/2011
$7.00
SV Technical Closeout Hold 0%
329%
SV2012
12/30/2011
$7.00
Good Relative Spec Value Buy
0%
SV2012
1/31/2012
$6.90
Good Absolute Spec Value Buy @ $6.90
-1%
SV2012
6/27/2012
$3.99
Confirm Good Absolute Spec Value Buy @ $3.99
-43%
SV2012
5/14/2013
$1.30
Fair Absolute Spec Value Hold @ $1.30
-81%
SV2012
12/3/2013
$0.21
Good Relative Spec Value Buy @ $0.21
-97%
SV2012
12/31/2013
$0.44
SV Edition Rollover Closeout
-94%
SV2014
1/3/2014
$0.44
Good Relative Spec Value Buy @ $0.44
0%
SV2014
3/21/2014
$1.55
Confirm Good Relative Spec Value Buy $1.55
252%
SV2014
1/2/2015
$0.55
SV Edition Rollover Closeout @ $0.55
25%
SV2015
1/2/2015
$0.55
Good Absolute Spec Value Buy @ $0.55
6%
SV2015
3/26/2015
$0.45
Confirm Good Absolute Spec Value Buy @ $0.445
-19%
SV2015
12/31/2015
$0.19
SV Edition Rollover Closeout
-66%
SV2016
12/31/2015
$0.19
Good Absolute Spec Value Buy
0%
SV2016
12/30/2016
$0.26
SV Edition Rollover Closeout
38%
SV2017
12/30/2016
$0.26
Good Relative Spec Value Buy @ $0.255
0%
SV2017
2/13/2017
$0.88
Confirm Good Relative Spec Value Buy @ $0.88
245%
SV2017
12/11/2018
$0.79
SV Technical Closeout 100%
210%
SVF2019
12/31/2018
$0.71
Good Spec Value Favorite
0%
SVF2019
6/28/2019
$0.57
Good Spec Value Favorite Confirmed
-20%
SVF2019
12/31/2019
$0.41
Good Spec Value Favorite
-42%
SVF2020
12/31/2019
$0.41
Good Spec Value Favorite
0%
SVF2020
12/31/2020
$0.83
Good Spec Value Favorite
102%
SVF2021
12/31/2020
$0.83
Good Spec Value Favorite
0%
SVF2021
12/31/2021
$2.80
SV Technical Closeout 100%
237%
SVF2022
12/31/2021
$2.80
Good Spec Value Favorite
0%
SVF2022
12/30/2022
$4.95
SV Technical Closeout 100%
77%
SVF2023
12/30/2022
$4.95
Good Spec Value Favorite
0%
Ranking within Company's Price Range based Group
All TSX-TSXV KRO as of Sep 26, 2023
Group Median
Company
Percentile
Score
Price Range:
$2.01-$5.00
Issued:
110,731,690
52,630,224
77.2%
56.1%
Price Group Total:
57
Working Cap:
$24,885,000
$10,606,000
35.1%
Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that a member ranks higher than. Note that issued and WC reflect latest financials.
Ranking Color Code:
Lower than 25%
25% to 50%
50% to 75%
Higher than 75%
Charts & Financing Activity
Most recent 43-101 resource estimate Prior resource estimate PEA PFS FS/BFS/DFS
Private Placement Key
less than $500,000
$1,000,000 - $2,000,000
$5,000,000 - $10,000,000
$20,000,000 - $50,000,000
$500,000 - $1,000,000
$2,000,000 - $5,000,000
$10,000,000 - $20,000,000
over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party
Occupation
Related Since
Insider Ended
Director Ended
Capacity
Ownership
Jaret Anderson
Analyst
10/9/2012
5/14/2014
5/14/2014
Director
0
Henrique B. Cavalcanti
Engineer
6/24/2009
9/23/2013
9/23/2013
Director
0
Manoel Cerqueria
Accountant
8/1/2007
Insider
0
Jose Coura
Engineer
6/5/2013
6/25/2015
6/25/2015
Director
0
Getulio de Paula Fonseca
Consultant
6/1/2007
9/9/2022
9/9/2022
Director
479,956
Richard H. T. Garnett
Geologist
5/4/2011
1/14/2014
1/14/2014
Director
0
Peter Gundy
Mining Executive
6/25/2009
5/13/2013
5/13/2013
Director
80,000
Pedro Ladeira
Engineer
10/14/2010
7/15/2013
Insider
0
Simon J. Lawrence
Engineer
6/1/2007
6/24/2009
Director
1,752,203
Leonardo Moretzsohn
5/24/2013
12/27/2014
12/27/2014
Director
0
Milson Mundim
8/22/2012
Insider
0
Renmark Financial Communications Inc
Investor Relations
4/8/2011
5/19/2020
IR
0
Paulo S. M. Ribeiro
Engineer
2/1/2017
9/9/2022
9/9/2022
Director
325,665
Jeddiah K. Richardson
Engineer
6/19/2008
5/13/2013
5/13/2013
Director
719,175
Mauricio Sampaio
6/9/2010
12/23/2011
Insider
0
Antonio Schettino
7/15/2013
6/29/2017
6/29/2017
COO
0
Tim Slater
Accountant
11/19/2008
3/5/2019
CFO
0
Michael St. Aldwyn
Investment Banker
6/30/2020
9/9/2022
9/9/2022
Director
203,217
Joao Batista G. Teixera
Geologist
8/1/2007
6/20/2008
Director
160,000
Richard Topham
Accountant
6/1/2007
6/24/2009
Director
0
Kevin van Niekerk
6/1/2007
6/24/2009
Director
1,498,329
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Active Index Memberships
Membership Start Date:
December 31, 2021
Start Price:
$2.80
KRO Favorites 2022: Features companies designated 2022 KRO Favorites, based on closing price December 31, 2021.
Membership Start Date:
December 30, 2022
Start Price:
$4.95
KRO Favorites 2023: Features companies designated 2023 KRO Favorites, based on closing price December 30, 2022.
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value -
Fair Speculative Value -
Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Color Key for Target Outcome Achievability Ranges in millions ranked from most to least achievable
below $25
Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50
Tiny Scale: underground mine or quarry - not worth the bother
$50-$100
Small Scale: junior needs to self-develop
$100-$250
Buyout Target: by Lower Tier Producers
$250-$500
Buyout Target: by Mid-Tier Producers
$500-$1,000
Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000
Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000
World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000
Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000
Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.
Net Interest: 100% WI Vested: Yes Uncapped NSR/GOR: 0.00%
Ownership Terms: Staked in collaboration with Ysao Munemassa who will receive US $400,000 upon apporval of a bankable feasibility study and a 3% royalty which can be bought back for USD $1 million per 1%.
Preliminary economic assessment (PEA) that establishes the cost structure of the pyro-metallurgical process used to convert glauconite into Thermo-Potash.
Delineation
2010 Q4
2010 Q4
Identification of other high grade zones within Cerrado Verde land package similar to Funchal Norte with locations ideal for processing infrastructure and transportation.
Delineation
2011 Q1 Mid February
2011 Q1 Mid February
Wide-spaced 15,000 m drilling program begins, aimed at producing an NI 43-101-compliant resource estimate for the entire 100km strike length of the deposit. An infill drill program is also underway to upgrade inferred resources to measured and indicated.
Other
2011 Q1
2011 Q1
Passing of legislation which creates tax breaks for certain input costs related to ThermoPotash production.
Metallurgical Study
2011 Q2
2011 Q2
Initiate independent engineering study of process developed by Cambridge's Dr Fray for converting glauconite into conventional salt based potash products.
Metallurgical Study
2011 Q2
2011 Q2
Decision to construct and fund a pilot plant to establish the feasibility of commercial scale ThermoPotash production from glauconite, if required.
Metallurgical Study
2011 Q2
2011 Q2
Results of agronomic studies initiated in September 2010 by third parties applying ThermoPotash to crops with short growth cycles (max 180 days) such as carrots. (Carrot study inconclusive, coffee and cotton due Q3).
Initial Resource Estimate
2011 Q3 July
2011 Q3 July
Anticipated completion of a 43-101-compliant resource estimate for the central and southern zones of Cerrado Verde.
Updated Resource Estimate
2011 Q4
2011 Q4
Updated resource calculation expected, incorporating the entire 26,000 meters of 2011 drilling that were the basis of an updated resource calculation reported in August 2011.
Economic Study - PEA
2012 Q1 January
2012 Q1 January
PEA expected for the production of potassium chloride (KCl). If positive, doing a PFS for the Cambridge process will take priority over the PFS for ThermoPotash.
Economic Study - PFS
2012 Q3
2012 Q3
Anticipated completion of a pre-feasiblity study for the production of ThermoPotash at Cerrado Verde.
Economic Study - FS
2012 Q4
2012 Q4
Potential date for the expected completion of a feasibility study for the production of conventional KCl, dependant in part upon conclusions from PEA expected in Q1 2012. In May 2012 expected completion date was pushed back to H1 2013.
Construction
2013 H1
2013 H1
Original potential start date for construction of conventional KCl plant, pending completion of PFS in late 2012. No longer applicable.
Economic Study - PEA
2013 Q3 Mid August
2013 Q3 Mid August
Revised project development plan announced. Company intends a two stage development, with a 1,000 TPD Thermopotash plant also allowing tests on KCL production and informing stage II efforts to develop a 12,000 TPD KCL plant subsequently.
Economic Study - PFS
2014 Q1 Late March
2014 Q1 Late March
Revised date for PFS on two-stage development plan announced in August 2013.
Environmental Study
2014 H2
2016 H1
Environmental license for ThermoPotash operation with 30 ha footprint, feasibility study as required by Inova.
Project Financing
2016 Q3
2016 Q4
Confirmation of development bank loans and raising of equity portion.
Construction
2017
2017
Base Case Resource Estimates
Project Resource Estimate - Cerrado Verde
Mar 20, 2014
NI 43-101
Bradley Ackroyd (MAIG(CP)), Andes Mining Services Ltd, SRK Consulting
Net Interest: 100% WI Vested: Yes Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: Limestone
Model: Sediment Hosted
Stage: 5-PEA
Notes on Calcario Project
The Calcario limestone project is located within the Bambui metasedimentary group of rocks which host the company's Cerrado Verde potash project located approximately 100 kilometres away by road. The limestone is characterized by a dolomitic limestone overlaying a darker calcitic limestone unit; it is over 50 metres thick and has been defined by drilling over a four-kilometre strike. The fine-grained limestone is characterized by a low silica content.
Milestone Timeline
Program
Start
End
Milestone
Economic Study - PEA
2011 Q3 August
2011 Q3 August
Pending completion of a resource calculation, a PEA is expected to be completed during the third quarter.
Initial Resource Estimate
2011 Q3
2011 Q3
Initial 43-101 compliant resource calculation expected for limestone resource where intial drilling of 20 RC holes have been completed on approximately 200 to 570 metre spacing over an 8km2 strike length.
Economic Study - FS
2012 Q2
2012 Q2
BFS expected to be completed for limestone production scenarios at Calcario during the first half of 2012.