Potash in North Dakota Could Be Worth $2.7 Trillion

Link here, from the Williston Herald.

The total amount of potash in northwest North Dakota is currently unknown.

Nick Horob, who described himself as a concerned private mineral holder, used a study done by the Solution Mining Research Institute for southern Saskatchewan as a basis.

Southern Saskatchewan is major producer of potash and it is believed by some that northwest North Dakota has relatively the same amount per acre as that of southern Saskatchewan. Horob took that believe and the amount of potash being produced per 640 acres in southern Saskatchewan according to the study to come up with his estimate of the value of potash.

"I took all of Burke county and Divide county size times the potash rate in southern Saskatchewan," Horob said. "I then took half of that just to be conservative."

The number he came up with is $2.7 trillion, although he stresses that it is a very rough estimate.

Someone should probably check the placement of that decimal point. I think this is the first time I have used the word "trillion" in any posting.