GREY:ETPHF - Post by User
Comment by
STVPon Dec 09, 2011 10:41am
129 Views
Post# 19307008
RE: RE: RE: Tic toc until 2012
RE: RE: RE: Tic toc until 2012Adam, money is not really a problem with FED (they can easily do a PP with a couple of strategic investors for $5 to $10 million if they need more to get a 43-101 done). The real situation with FED is that they have over 50% of the basin fairway and the ONLY ONE with open pit potential. Recent announcement by India of a $20 billion fund for acquiring fertilizer assets would certainly put an open pit potash mine at the top of that list of assets to acquire. In addition to cost savings developing an open pit mine you have time saving as well which means they can have production faster at lower costs, that's really what India wants for it's farmers. BUT would BHP or China allow the best part of the basin, the only part that allows for open pit mining on the Ethiopian side to be taken out by India? That's why I see a bidding war for FED.