"There is economy of scale, 10mtpa production, pricing power, takeover premium, etc. And more importantly, a $$ SP."
I love your words of encouragement.
If this new find beats the current estimate, and mining the resource is even cheaper and getting it to port cheaper, then please correct me if I am wrong?
We could be looking at 1.5 to 2 billion tones? with a mining life of more than 80 years? rather than expected 50 to 55 years someone said back in Feb or late March? That might have been you def, or maybe Lionel?
Yes I agree with you Sam, the basin is full of Potash, just where the best grades are yet to be found. I see the bottom end on the Ethopian side is good for Ethopian Potash, they will be surely happy with STB's work there saving them a little in exploration costs.
anyways, any suggests defplayer? Lionel others please?
STB Price at posting:
$5.04 Sentiment: ST Buy Disclosure: Held
