Capex of $750 m is said to be very low compared to their competing peers.
What happened to Lorry did have just go berserk at the Eritreans for the 50 / 50 split, ENAMCO moving too slow etc.
Chinese must be keen buyers and laughing at the western exploration companies
STB with $18 m are not desperate seller, but they are in limbo.
How much so called deposit does it take on such a project to fund a $750 m project?
Are there such benchmarks? Eg $100 m deposit for a commercial $650 m loan for such a low operating cost potash project. Or is it closer to $350 million deposit?
Capex of $750 m is said to be very low compared to their...
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