fresh look at potash exploration stocks.

Robin Bromby From: The AustralianJune 18, 201212:00AM
Potash hopes

IT might be time to have a fresh look at potash exploration stocks.

Friday's note from Libertas Capital in London says that, with BHP Billiton (BHP) now unlikely to give its Jansen potash project in Saskatchewan the green light, the global potash surplus expected in 2015 might not be nearly as big as forecast. Moreover, infrastructure issues on the Canadian rail system suggest one should be cautious about whether other Saskatchewan producers -- which dominate the global business along with Belarus and Israel -- will be able to meet their growth targets.

One sign of the turn in sentiment: a recent share price surge for Tel Aviv-listed Israel Chemicals, one of the world's important potash (and phosphate) producers.

http://www.theaustralian.com.au/business/opinion/buru-energy-defies-the-gloom-to-raise-50m/story-fnciihm9-1226398044930