Our sole focus is potash so potash one. Got a great symbol called k.C.L.

>> Linda: Tell us about the property you have in saskatchewaN.

>> Paul matysek: It's in between regina and moose jausmt it's 39,000 acres. It's right beside the world largest producer mine bell plains mosaic mine which produced over 60 million tonnes. And it's got lots of infrastructure. We share the same remarkable consistency in grades and tonnageS. We have a 43101 with around 440 inferred tonnes of potasH. We're very excited about this property.

>> Linda: Can you give me a timeline on when this can see production.

>> One of the advantages of solution mining is that you could be close to two years in production before conventional mine. So we get a leg up on that type of scenariO. In terms of the robustness of potash prices, people are predicting verticon prices of $450 to $500 a tonne.

>> Linda: So do you buy for example what we heard out of bob doyle out of potash corporation earlier this week. He's saying supply is so tight in terms of agriculture right now if you had a major drought or whatever we could be talking famine famine.

 >> Paul matysek: Absolutely. He made a good point. There's about 53 days worth of world grain left in this earth. In the 40s it was a year and a half. Potash is an essential nutrient to growth and increasing in yields. You know, there's going to be a lot of demand for that. We can't produce fast enough.

>> Linda: You said you're right next door to mosaic a big U.S. Company. Do you see yourself as a possible takeover target?

>> Paul matysek: Oh, that's one but i think right presently, the way to enhance shareholder value is going to production and taking the milestones and the steps to get you. There it's a little premature to talk about that. It's good to have neighbours like that.

>> Linda: Absolutely. As you said, you used to be in you'reane yusm anything you can take from that experience? How comparable is it to get a potash corporation up and running.

>> Paul matysek: It's a lot more expensive obviously. Building a company in throw years we went from a company very similar to where K.C.L. Started and a $1.6 billion company with a new york stock exchange listing. By having a well defined business plan and executing on it. So it comes down with getting people and the right people. One thing about solution mines i won't be competing with conventional miners and shaft builderS. So I think there will be some selective advantages there.

>> Linda: Now you sold energy metals to uranium one. I was just talking about the troubles they got themselves intO. What do you think about the troubles they are facing?

>> Paul matysek: I think they have lots of wonderful assetS. There's been some peculiar circumstances with, you know, sulphur and energy in south africa. I think they will right that boat. I'm still a very big shareholder.

>> Linda: Are you. Do you feel nonetheless it is an advantage to be operating in a country like canada when you see what first quantum, what uranium one and the others are up against.

>> Yes and energy metals was based in the united states for exactly that reason and same with saskatchewaN. Very little political risk. Lots of infrastructurE. Climates we all understand and supportive. Saskatchewan is like the number one producer for potash in the world and that helps in any type of capital raising.

>> Linda: Anything coming from the federal budget you'd like to see that might help you you.

>> Paul matysek: Put 2g billion in the province and doing green basically environmental activities I'm sure there will be some discussions that we'll have at the federal and provincial government.

 >> Linda: Good to talk with you this morning. Thanks for cominG. In our guest this morning has been paul matysek the president and C.E.O. Of potash one. We're going to take a short break and we'll be right back with bill bellow vasm -- bill belovay. We'll be taking your questions. There are the numbers on the board. We'll be right back.

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