10Mtpa coming into the market must put a dent in the price of MOP. I wonder what price assumptions they're using.
We'll produce a lousy 400ktpa of SOP in Phase 1 with half earnings going to ENAMCO. Peanuts in comparison but we still look undervalued.
I guess Mr Market see the sov risk of Eritrea as a very, very big risk. That adds risk to finance, which add risk to development so it's a compounding, steaming pile of risk for those that aren't up for the punt.
But at least we don't have English greenies to compete with (knock on wood)!
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