Ann: Quarterly Activities Report September 2017, page-8

both are good for the long term, but with different risk profile I suppose.
My guess: VMY will be a 3-5 bags if the project can take off as planned, BKY will be 1-3 bags if production proved profitable/U mkt turns for better.
No consensus now as to when the U market will turn, the difference is as large as >10 yrs, as i read the annual report of VMY, some even suggest it will only be in equilibrium by 2030 and existing suppliers said it is now.
who do we trust as an outsider, I divide by 2, mid path 2023 ?? tough call!! dilution in between the years will be substantial if the timing is off.
honestly, i would rather stay put and keep watching, and put my $$ into something within 1-2 time horizon with some certainty.
anyway, this U is going to make those long term holders very rich when the time come, just like last U bull did. lifetime investment only when the timing is right, but not something we want to miss.