TSXV:AAA.P - Post by User
Comment by
Jeremy2014on Mar 14, 2014 2:32pm
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Post# 22324994
RE:jeremy i stand by my estimate 5 bux in 2016-17
RE:jeremy i stand by my estimate 5 bux in 2016-17 I am probably not as familiar with the project as you. So maybe I am missing something.
When I did my calculation back in early 2013, I was using the FS. Now, price of potash is $150 lower today than in the FS and we may end up with more shares than what I originally hypothesized. We have also a mysterious agreement where ICL will sell the product for us (we will lose some profit on that). On the bright side, we will pay less taxes. I believe the lower taxes will not compensate for the lower price of potash and the money ICL will pocket by selling our products.
So, if we are at $1.50 for 1MTPY in 2016-2017, it will be good.