A disappointing reaction however with the SP.

The Capital Group Companies, Inc. > 11%

StockMarketWire.com
Sirius Minerals confirms that all key town and country planning approvals for its York Potash Project have passed through their respective Judicial Review (JR) windows.

This is a period during which parties can challenge the validity of the decision on legal grounds (not the merits of the planning decision itself).

CEO Chris Fraser commented:
"We are pleased to be able to put the majority of the approvals work behind us and focus on the implementation of this world class Project. The DFS is close to completion and we look forward to announcing its positive findings in January 2016."

Further to the announcement on 20 October 2015 and receipt of the Decision Notice from the North York Moors National Park Authority ("the Authority"), which formally granted planning permission for the Company's mine and mineral transport system, the six week JR period for this decision has now passed.

The Company expects to complete the Definitive Feasibility Study (DFS) early in the New Year and will publish the material findings of the DFS in January 2016.

The financing strategy also continues to be advanced with discussions with financing partners expected to be further progressed following the publication of the DFS results.

KEY POINTS
§ Judicial Review periods for all key planning approvals have now ended

§ Company unaware of any challenge to the National Park Authority decision

§ Other local approvals granted to date beyond challenge

§ Definitive Feasibility Study ("DFS") results to be announced to market in January 2016

Liberum Capital Buy 18.50 38.00 38.00 Reiterates

StockMarketWire.com
Sirius Minerals has narrowed its H1 pretax loss to GBP4.7m, from a year-earlier loss of GBP6.7m. Revenue was nil and most of the losses were attributable to administrative expenses.

MD and CEO Chris Fraser commented:
"It has been a transformational period for Sirius, during which time we have successfully secured the approvals for the key parts of the Project infrastructure, increased the level of customer contracts and advanced the financing strategy."

Take or Pay Offtake Agreement

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announce the signing of a major take or pay offtake agreement in China with Huaken International ("Huaken") for the purchase of polyhalite from the York Potash Project ("the Project").

Huaken was established in 1992 as a subsidiary of China State Farms Agribusiness Group and later registered as a joint stock company in 1997 and authorised to operate an import and export businesses including fertilizers, rubbers, steels and other products. Of note, Huaken is one of a restricted list of companies in China, with the right to import potassium fertilizer.

The agreement is for a period of seven years from first production and pricing is based on a formula linked to inputs that are consistent with a number of the Company's other offtake agreements. Pricing is currently in line with previous market guidance provided by the Company. The volume of the contract is for 500,000 tonnes in year seven (ramping up following construction of the Project). Huaken is purchasing the polyhalite to use it as a soil conditioner in China.

Sirius Minerals among best ideas for 2016

digging it out, & selling , it, been told, by a construction worker during 2017
to be highly likely. BB

27th Jan 2016
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the Definitive Feasibility Study ("DFS") timing for its York Potash Project (the "Project"). The Company had previously planned to announce the material findings of the DFS in January 2016, but now plans to do this before the end of March 2016.

The completion of a DFS for such a large scale project is a very detailed process and there is a large amount of complex information from various suppliers, consultants and engineering firms that needs to be compiled, reviewed and then integrated into the final DFS. While this process is time consuming, it is vitally important for a project with an expected life of over 100 years that it is robust.

In addition to the finalisation of the DFS the Company is moving towards the selection of preferred tenderers for the three initial critical path components for project implementation, being site preparation, mine shafts and the mineral transport system. Tender information is being used in the completion of the DFS and is providing important and current contractor inputs into its finalisation.

The Company is confident that the final DFS will define a world class project that will be best in class in many aspects. Based on the final DFS the Company is confident that it will execute a financing strategy that will bring the Project into production and deliver significant value to shareholders.

Chris Fraser, Managing Director and CEO of Sirius, comments:
"We are continuing to build a very robust business that will be capable of strong returns throughout the many cycles it will experience over its +100 year life. We thank our shareholders for their patience as we finalise the DFS and look forward to announcing its findings in due course."

DFS announcement date

Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announces that the Company expects to announce the material findings of the Definitive Feasibility Study ("DFS") for its polyhalite project in North Yorkshire, on Thursday 17 March 2016 at 7am.

The announcement will be accompanied by an updated investor presentation and webcast, available on the Company's website (www.siriusminerals.com).

Sirius will be hosting an analyst briefing at 15:00 GMT in London on the same day of the announcement. Any analysts wishing to attend should email sirius@tavistock.co.uk to register.

Chris Fraser, Managing Director and CEO of Sirius, comments:

"The DFS announcement will allow us to clearly outline the Company's strategy and value proposition throughout multiple scenarios and cycles. I look forward to detailing the world class and robust nature of our polyhalite project in North Yorkshire."

DFS defines world-class fertilizer business

§ DFS defines framework for production capacity of 20 million tonnes per annum ("Mtpa") with initial installed capacity of 10Mtpa
§ Project net present value ("NPV") of US$15 billion today at a 10% discount rate
§ Project NPV rising to US$27 billion upon commencement of production
§ Project after-tax debt-free internal rate of return ("IRR") of 26%
§ Annual operational EBITDA ranging between US$1 and 3 billion through various volume and price outcomes
§ High margin business model with average cash operating costs estimated at US$27.2 per tonne, delivering industry leading cash margins of 70 to 85%
§ Two stage financing plan with stage 1 comprising US$1.63 billion and stage 2 comprising US$1.93 billion (total US$3.56 billion) for installation of 10Mtpa capacity
§ Funding plans well developed to deliver tailored financing package
§ First product expected in 2021 followed by completion of fit out and ramp-up with 10Mtpa rate anticipated in 2023

Liberum Capital Buy 16.25 38.00 38.00 Reiterates

quick calculation, some times more accurate. 2.2 bn ords divide into £15 bn
= 6.8 x 10% profit = nav £ 0 . 68pence s/p 68p 2021 or before that a chinese
bid.... 68p a good return on present s/p 15p BB

Am I right in saying SXX need to raise £164m this year, only having £25m in cash. If so, either a lot more shares are going to come onto the market or they are going to increase debt. It's going to be years before any product comes out of the ground and starts to generate revenue. Of course in the meantime they are going to need yet more cash as these projects nearly always overrun. Imo, what's driving the sp are speculators and traders, long and short and doesn't really have much to do with NAV.

At a rough calculation, $3.5 billion over a 4 year period equates to over $2 million a day.
Still, the important question must concern the importance of the product and the need to try and improve world food production.

From yeszterday - Plunging Sirius Minerals needs £2.5bn

That's an interesting read and only goes to confirm my opinion that this really isn't a good investment for long term private investors atm. I have traded in and out and that seems the best way to make money here.

Beaufort Securities Speculative Buy 16.00 - - Reiterates

You don't say!

Check out the following for a quick insight into what polyhalite is all about.

http://www.siriusminerals.com/our-products/.

Polyhalite reserve increase

Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announces an increase in its Probable Ore Reserve ("the Reserve") at its North Yorkshire polyhalite project ("the Project").

The Reserve has increased to 280 million tonnes at an average grade of 88.4% from the previous level of 250 million tonnes of polyhalite at a grade of 87.8% (as announced on 18 September 2013). The Reserve has been reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves as published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia ("the JORC Code").

The increase in the Reserve results from the completion of the Definitive Feasibility Study ("DFS"), the results of which were announced on 17 March 2016, and the detailed work that has been completed on the mining schedule and resource by SRK Consulting (UK) Ltd ("SRK") as part of the DFS. Specifically it comprises the tonnage of mineralisation previously reported as an Indicated Mineral Resource which is planned to be mined and then transported to Teesside.