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11:22
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Originally posted by DodgyMinors
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Just to confuse things, another article has been published (by Tim Treadgold via investsmart) which essentially comments on the potential development of BHP's Jansen mine versus the Sirius Minerals Woodsmith mine (in Whitby UK)."The bankers and equity investors in Sirius would far prefer BHPto freeze Jansen because it has the potential to overfill the global potashmarket, and while the Canadian potash is conventional material and Woodsmith isa variation called polyhalite the end product is much the same; fertiliser toboost crop yields. Despite being on opposite sides of the Atlantic, it isinteresting to think of Sirius and BHP being engaged in a battle of wills.Until a few weeks ago, this battle was leaning in Sirius’s favour as thecompany burrowed to its polyhalite target which would be mined and thentransferred by a 37-kilometre tunnel for processing at Teesside for export. BHP is more advanced with Jansen, having dug two 7.3-metre-wideshafts down a kilometre to gain access to the rich beds of potash with theinvestment so far totalling $2.7 billion without anything actually being mined." By talking as if Jansen could start production soon BHP isputting pressure on Sirius and its bankers and if the Woodsmith mine is keptout of the market for a while a clear (and more profitable) pathway opens forJansen."
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They're different products to DNK. We'll produce SOP and the rest will produce MOP while Sirius is into some newly crafted polyhalite product (which has dubious demand).
(20min delay)