Locals
Hey losecash,
Perhaps you should ask some of your locals to contact Joel Jackson over at BMO and ask him about the gigantic supply of FREE water Karnalyte has at its disposal.
I believe the Wynard locals use the term "abundant".
"Others are not convinced this deal is a stepping stone to a massive financing package.
Joel Jackson, an analyst at BMO Capital Markets, argued that all the deal does is provide the Chinese firms with some optionality to potash prices at a low cost. If they were more serious about the sector, he thinks they would have made a bigger investment in a more advanced project.
“Our view is that this is a political decision that checks the checkbox [in China],” he said. “We don’t expect much progress to be made over the next few years.”
He noted that IC Potash Corp. and Karnalyte Resources Inc., two other potash juniors that got strategic funding from Asian companies, got better terms on their deals than Western. They signed them when market conditions were much stronger."