Dennis da Silva Encanto Potash EPO-X TOP PICK Feb 14, 2011

Potash. Unique relationship with several First Nations in Saskatchewan. Hasn’t been any drilling on their lands and they are now in prime potash territory.

Dennis da Silva

Owned

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$0.580

Stock price when the opinion was issued

Mining

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RISKY

Lana has great deposits and so is ahead. The other is slightly behind. It is a junior that stands out to him. May or may not be a takeout candidate. There could be a play at some point in time.

DON'T BUY

Potash in an area that is very close to deals that have been happening. On Junior potash plays in Saskatchewan, he is becoming worried about capital spending on account of foreign majors coming in. Concerned about the long-term prospects of this company.

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Dennis da Silva Encanto Potash EPO-X TOP PICK Feb 14, 2011

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