According to Sirius CEO Chris Frazer interviewed on BBC Radio York the York Potash Mine will be named this Friday, today. After much fun and speculation as to what this re-naming could be, should be or would be tis time to take some consideration to what he actually said, and sniff out some pointers, bullet style -)
Hurdles - all permissions in place, working in a collaborative way with the local authorities, almost 100 conditions attached, mitigations are in place to manage temporary impacts, the level of funding into environmental offset £130mil, to protect and reassure, once built will disappear into the landscape
Stoppages - it is in everyones interest to get this built as soon as possible
Shares - been as low as 5p as high as 51p, our job is to deliver the project, shareholders trade, the buys & sells determine the shareprice
Capital - go & get to convince people of a value proposition, secured $1bil of finance late 2016; international institutions, mainly UK based and professional investors. £450mil @ 20p, £300mil via Hancock bond convertible into equity
Finance In Place - two parts - Stage I, as above. Stage II in 3 years 100% debt via banks, bonds ie borrow money & pay it back
Shaft Sinking - will be done simultaneously starting in the middle of the year - one mile into the ground
The Tunnel - designed to have the smallest impact on the National Park
Production - expect first potash to be sold at port 2021
Selected Contractors - NMC & AMC starting to recruit, construction workers expected to peak at 2000
Jobs - increasing from 60 to over 160 permanent long term well paid over the next 12 months, advertised on social media, website and via Scarborough Job Match, need the right attitude, skills and experience. Increasing apprenticeships to place transitional skills for permanent operatives via local colleges for local skillsets
Community - here now 5 years. Both large and small landowners hold mineral rights. York Potash Foundation to receive 0.5% of Revenue for ever... expected to equate to £5-£10mil per year, providing bursarys for local kids, health, education and community projects.
Meanwhile : http://www.bbc.co.uk/news/business-39038615
Conveyors ... best not go there, reads like an expensive hair dryer to me :-))
Oh Happy Days... Alice, EOS, Crows Nest?
Oh, OK ;-) https://www.youtube.com/watch?v=Xvo-bfaVsg0
Mind the Soap...