TSXV:AAA.P - Post by User
Comment by
Fertimanon Dec 05, 2014 11:32am
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Post# 23199486
RE:Perfect Storm Brewing?
RE:Perfect Storm Brewing?9 lockouts already...Good start by the TROLLS...
Fertiman wrote: This is a good read... If the Uralkali mine is lost 30% of their production is gone. Right now I say 50%, but time will tell.
Regardless note the 62 million projection up from the 60 million. That's 2 million tons or two Allana's this year alone. The bashers say the market is saturated but I say not. We have the emerging South American market as well as Africa itself. SE Asia looks to be very hot...
That's for MOP....SOP on the otherhand is a different beast with SOP selling for $720 / ton in China. Demand is tight for SOP and Allana's property reserves represents 75% of their holdings. This is what I see as a potentially possitive turn for Allana. They are unique in the potash greenfields as they have a potash major as a partner with mining experience and a massive SOP reserver that could very well be a new low cost SOP solution mining process. Let's see what happens??
https://www.wallstreetdaily.com/2014/12/01/potash-mine-accident/
Russian Potash Mine Accident Boosts Prices
It now says that potash demand for this year will hit 62 million mt. That figure is higher than Uralkali’s 60-million-mt projection, which in turn was raised only a few months ago from between 56 million and 58 million mt. K+S said demand in South America and Asia were particularly robust.
Chile’s Sociedad Quimica y Minera de Chile (SQM) also climbed aboard the bandwagon in November. It lifted its potash demand forecast and pointed to “some price recovery.”