Passport Potash: New Chairman, Large Resource

This AM we examine a Canadian company, Passport Potash (PPI TSXV). In April 2011 we visited the company’s Holbrook Basin potash deposit. We wrote our most recent Morning Note on April 2, 2012. Since then a number of good things have happened to this company. Perhaps most important a new Chairman formerly from mining giant RTZ, David J. Salisbury has joined and strengthened the management team. I met with David in New York in May and was duly impressed. He sees this project as very doable and one that he will see through to fruition. Mr. Salisbury has had an extensive career in the mining industry. He spent 17 years with Rio Tinto. There he served as CEO and President of Resolution Copper Mining as well as President and CEO of Kennecott Minerals Company.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]