New Brine Projects
The biggest problem is what @sinkorswim and @ozblue have been saying. The potash price has fallen from 400/t in 2013 to ~ 200/t today or a bit more.
So for GXY this means the USD 38,000,000 per annum has now dropped to USD 19,000,000 and when you take this off the old NPV is a massive hit over a 10 year period.
I am not saying to not invest in GXY if you like their story / the management / etc then great.
My personal preference is hard rock and I think the best placed company is PLS.
But hey I am biased I am invested in it... lol.
Everyone please do your own research. It is good for the forum to have @juk and @HappyCats because you need people that make you question your trades.
So on a serious note regardless of whether or not I agree with you @juk thanks for contributing.
Cheers,
Super Ninja
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