RE:RE:RE:RE:RE:Gsfc confirms cessation of negotiation
This is a money making machine. With NPV of ~ 150 this is ridiculously undervalued at 1 buck. Cost of production of potash - 130 - well below even the fire sale prices that non-premium potash is going for (217 is the floor set by Chinese this year which all analysts agree is crazy). We should explore a sale of KRN to a major now instead of looking at this option a year from now. Plus having a real offer on the table might make GCSF step up and play fair since, without other options, GSFC will try to continue to back us against the wall so that we will accept any pitiful offer they may make or better yet buy assets after KRN goes into receivership. Make no mistake, GSFC are corporate raiders - their initial investment was simply a means to steer the company into the abyss where they could take over 100% for less then a penny on the dollar. We should also work on the spinoffs now to protect the Mg play and unexplored claims from these leeches.