RE:Should I buy now?They have 80 mill in cash. They will probably burn 15-25 mill this year to get the project mine ready. This company is like a call option on potash prices. Mkt is now giving about 20 million to te project now. If potash prices stay at a decent level or increase to 325+. I expect them to be producing by 2nd half 2017. They might get bought out for 150-200 mill. Thats double SP from here. Downside is limited but upside could be 2-4 times depending on how thing unwind.
Potash mkt has been unloved for last 5 years. If u believe in a commodity cycle on the up, this might perform. This is my opinion only. Do you own Due deilgence.