Oh my PotassiumChloride!! If Karlsson's 29,000 acres, with no recent drilling or development work completed was worth $125,000 million, what in the world could PPI's land be worth?
Not that there is a direct one-for-one comparison, as PPI has an agreement with the Hopi, drilled how many test holes? Have probably a completed PEA in hand? On the negative, there is an outstanding payment or two for Twin Buttes Ranch and the Fitz Trust lands. But then again, PPI land, well none of it is underneath the federal park, and oh yes there's the access to the railroad. Did I mention no checkerboard?
What do you figure PPI lands are worth, if Karlsson's is worth $4310 per acre? How many acres does PPI have again?