60c maybe light on
There target of 1.5mpta urea @ 1000 a tonne is 1.5b annual revenue.
As pivot closes next year, stx could control the urea market in this country.
Its whats drawn my attention. Control.
Location is prime for the likes of fortescue on the hydrogen side and fortescue going green also.
Stx would provide very cheap energy to the right player and if they did get 1.5mtpa urea up, a 1.5b revenue business bolt on for a major would I'd think interest many. Esp if it controls supply in the marority.
Present market cap is low for potentual, given urea sector is really non existent here.
With the crap going on, I feel the fed government will push urea be done here.
Pre the urea shortage, I myself never realised how important the product actually is.
Merry Christmas all.
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