RE: RE: RE: KRN I don't agree. There are two critical reasons why KRN cannot attract partner or take-over buyers:
1. Their production cost is too high, correct me if i am wrong, it is approx. $130/ton. WPX production cost is only $63/ton.
2. Their KCL grade is too low. According to what I know, their average KCL grade is below 20%. Their MgCL grade is well too high, which make it very difficult to get the KCL out by solution mining. That is why they need a new solution technology for mining and they have to sell MgCL as a by-product to reduce the cost. Contrastly, WPX average KCL grade is 29% and MgCL grade is very low.
POT cuts back production because they want to keep the potash price high, it is called price manipulation. That is why I see India and China may need their own potash mines if they don't want to see their fate is controlled by somebody else.