Things are too quiet on this stock, so thought I’d share this interesting little bit of news:
https://www.worldfertilizer.com/potash/06042021/icl-to-supply-600-000-t-of-potash-to-indian-potash-ltd-during-2021/
This is a strong indicator that MOP prices are on the rise. A massive increase of $50 per tonne was negotiated on this contract, and 600,000 tonnes is quite a large one. This bodes well for SOP price and puts even more credibility into the DFS numbers. It’s very likely we’re seeing a global shortage of potash.
I would like some news that things are progressing though!
Ann: Bell Potter Unearthed Conference Presentation, page-4
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