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October 2011. Elk Point Basin. WPX Milestone Project. WPX Manitoba Project. Milestone Saskatchewan. Milestone Timeline. Present. Scoping Study Highlights. (NPV 10 ) 5.22 Bn 1 CAD: IRR 27.3 %* 1. CRU Projected prices ($ 511) P roduction rate of 2.5 Mt per year 40 year mine life
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Elk Point Basin WPX Milestone Project WPX Manitoba Project
Milestone Timeline Present
Scoping Study Highlights • (NPV10) 5.22 Bn1CAD: IRR 27.3%* • 1. CRU Projected prices ($511) • Production rate of 2.5 Mt per year • 40 year mine life • Total CAPEX $2.51 billion CAD • 8.5% Reduction of production costs • due to the high formation temperatures AMEC’s EPCM experience with five Potash Corp mines adds credibility to the CAPEX estimates for this project.
Annual Earning Comparisons * Gate Price excludes shipping to market ( $360/T KClf.o.b.Vancouver)