RE: RE: RE: What do you think !!Just be patient, last March when MAA was .17 folks thought the end of the world was near. This is not a case of "faith", but rather hard numbers. KCL released their study today. Please take note $1.8 BILLION to bring their mine on line. Add to this FOB Vancouver. MAA is in a strategic location to serve South America, Europe, and Africa, this is important because energy to transport freight is much more for POT, KCL and the like.
MAA needs a small fraction to get it all going. I am DEAD set against selling ANY majority position under any circumstance. It would have been better to partner with BHP in my opinion because I do not trust the Russians, Chinese, these guys are just raiders. But there you go. We will see, you just have to be patient, and sell around your position. Potash prices have been depressed for the moment, but give it six months when fertilizer will be "hot" again.
KCL costing, can you say DILUTION for their stockholders!
CJ
| Direct Costs | 1,134.8 |
| EPCM Services | 133.7 |
| Field Indirects | 44.6 |
| Owner’s Cost | 89.1 |
| Commissioning and Start-up | 15.7 |
| Escalation | 80.4 |
| 20% Contingency | 299.7 |
| Risk Allowance | 78.5 |
| | |
| Total Estimated Project Capital Cost | 1,877 |
- Estimated after-tax and royalty Internal Rate of Return (IRR) is 30.1%
- Estimated Net Present Value (NPV) after tax at a 10% discount rate is US$4.47 Billion
- After-tax payback period of approximately 3.3 years
- A Q2 2009-normalized flat line average price of US$ 525 per tonne of KCl, FOB Vancouver over life of mine