In November 2021 it reached an average price of US$800/t. The largest price rise since 2009
Potash Price (CFR Brazil)
Source: Acerto Limited Report / Agribusiness Intelligence for Latin America
* As of November 04, 2021
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Each year, an additional 80 million people need to be fed, while arable land per capita declines, requiring more potash.
Source: United Nations Population Division
More than 95% of the potassium consumed in Brazil is imported, which also makes the country the world’s largest potash importer.
In 2021 Brazilian Farmers will spend around US$8 billion in potash purchases.
Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable for farmers. We work to improve the health of all people and the planet.
Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable for farmers. We work to improve the health of all people and the planet.
Source: See pages 127 and 138 from NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, Minas Gerais, Brazil.
Verde’s revenue per year (R$ ‘000)
1 – EBTIDA before non-cash events for 2020 = R$6.11M
2 – Targeted revenue based on FY guidance, revised upwards on August 16, 2021.
3 – See NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 201. PFS currency exchange: US$1.00 = R$3.28
4 – EBTIDA for Phase 2 = R$452M. EBTIDA for Phase 3 = R$1,417M. PFS currency exchange: US$1.00 = R$3.28
1 – EBTIDA before non-cash events for 2020 = R$6.11M
2 – Targeted revenue based on FY guidance, revised upwards on August 16, 2021.
3 – See NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 201. PFS currency exchange: US$1.00 = R$3.28
4 – EBTIDA for Phase 2 = R$452M. EBTIDA for Phase 3 = R$1,417M. PFS currency exchange: US$1.00 = R$3.28
*CAGR calculation based on yearly total sales volume in tonnes from 2018 to 2020.
* Based on C$2.607 billion NPV after tax divided by 50,378,619 shares outstanding as of August 16, 2021. Estimated Net Present Value after tax of US$1.99 billion, with 8% discount rate and Internal Rate of Return of 287% (see NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 207).
Currency exchange: US$1.00 = C$1.27.
1 – Delivered cost of 600kg of K2O, equivalent to 1 tonne of KCl or 6 tonnes of K Forte.
2 – Freight from Taquari-Vassouras mine, in Rosário do Catete (SE), to Minas Gerais. Currency exchange rate: US$1.00 = R$5.30
3 – Ben’s Fert Playbook, Global Fertilizers. Scotibank, March 2021, page 25.
4 – Operating costs for meeting the market demand of 16.84M tonnes of K Forte. See NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 198.
5-Weighted average freight for meeting the market demand of 16.84M tonnes of K Forte. See NI 43-101 Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 175
6 – Acerto Limited Report, Agribusiness Intelligence for Latin America. Port costs, Demurrage and Freight to the Farm calculated from Santos (SP) Port to Uberaba (MG), as of August 19, 2021.
7 – Average margin considered as 10% of the sale price.
Sources: Malavolta, E.; Usherwood, N.R. Adubos e adubação potássica. 5. ed. Instituto da Potassa, 1984. 56p. / Sci, J. E., C. Change, M. Ma, D. Oh, and E. Ng. 2019. Import of Potash Fertilizer in Egypt by Using Glauconite Deposits as an Indigenous Alternative Source of Potassium. 10(2):2–5. / Dr. Felipe Santinato and Dr. Fernando Dini Andreote research – Verde.ag. Blog October 28, 2020. / Stomaite, K., Zagorskis, A. (2014). Research Into Efficiency of Ammonia Removal from Polluted Air Using na Adsorber with Glauconite Packing Material. In Enviromental Engineering. Proceedings of the Internacional Conference on Environmental Engineering. ICEE (Vol. 9, p. 1). Vilnius Gediminas Technical University, Department of Construction Economics & Property. / TEDROW JOHN. Greensand and Greensand Soils of New Jersey: A Review. Rutgers NJAES Cooperative Extension, 2003. / SILVA, Rodrigo Vieira et al. Effects of silicon on the penetration and reproduction events of Meloidogyne exigua on coffee roots. Bragantia, Campinas , v. 74, n. 2, p. 196-199, June 2015. / Role of silcon in plant resistance to water stress. Journal of Elementology. 14. 619-630. 10.5601/jelem.2009.14.3.20.
We have a scalable project being developed in a non-dilutive way to shareholders, through accumulated cash flow and debt.
Verde raised over C$60 million over the years, cautiously invested in exploration, project development, production and expansions.
This strategy has been validated by the Company’s profitable and constant growth so far.
We have a scalable project being developed in a non-dilutive way to shareholders, through accumulated cash flow and debt.
Verde raised over C$60 million over the years, cautiously invested in exploration, project development, production and expansions.
This strategy has been validated by the Company’s profitable and constant growth so far.
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