RE:RE:Great closeHey Crunchy,
Appreciate your response and truthfully you make some very good points. I was actually thinking that one of the foreign companies could take a run at this to avoid losing their market share. Anyway appreciate your bullet points and you make a compelling case for a higher buyout target.
Cheers,
GC
Crunchy2chew wrote: I will give you a quick run down on why I think its going to be a $50++ stock soon....
1) low cot production, actully ultra low cost.
2) well over a billion tons of super pure ore.
3) located basically ontop of an existing deep water dock.
4) domestic production deficit of over 10 million tonns per year inported at high costs
5) other domestic mines are getting expensive and some are heading toward end of life..
6) NL one of the best mining locations in the world.
7) infastructure and towns a stowns throw away.
8) annual sales of 5-7 million tons/year starting and ramping up as demand increases.
9) Salt is selling for $80/ton wholesale
10) existing companies will want to protect their market share
11) existing companies will want to corner the market and become the salt king :)
12) bidding war.
I prob missed a bunch of points........