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GROWMAX COMPLETES POTASH PRE-FEASIBILITY STUDY FOR ITS BAYOVAR, PERU PROJECT IN THE SECHURA DESERT
GROWMAX COMPLETES POTASH PRE-FEASIBILITY STUDY FOR ITS BAYOVAR, PERU PROJECT IN THE SECHURA DESERT
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"\n\n\n\n Sep. 28, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Sept. 23 /CNW/ - GrowMax Agri Corp. and its subsidiary, Americas Potash Peru S.A., (collectively, "GrowMax") is pleased to announce that it has completed the Pre-Feasibility Study for its potash project at Bayovar, Peru in the Sechura desert.\n\nHighlights of the Pre-Feasibility Study are (all dollar amounts are in U.S. dollars):\n\n\n >\n\n\nTransportation to port is expected to be $3.26 per metric tonne and production bonus royalties of $33.00 per metric tonne are payable to each of the Peru government and the local Community. Accordingly, the total cash cost per metric tonne, delivered to port, is expected to be $98.88.\nSalt will be produced as a co-product and is expected to be a source of additional cash flow.\nBarclay Hambrook, President and CEO stated, "The completion of this Pre-Feasibility Study is a major milestone for GrowMax's Bayovar project and we anticipate moving swiftly towards completion of a full Feasibility Study." Mr. Hambrook went on to say, "Based on the capex and opex cost structure in the Pre-Feasibility Study, the project net present values are very exciting at even the most modest of selling price assumptions - and this doesn't include other possible products such as phosphates, bromine and calcium sulphate."\nThe Pre-Feasibility Study was completed by the Lac Business Group, led by Luis Coronel. Mr. Coronel is a Chemical Engineer with over 40 years...