RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stone Canyon site visit I certanly do think $50+ pps is possible. They will displace most of the imported low quality salt and will cut into the existing. Lets say that they do 7-10 million tons per year and sell it at a discount of $70/ton. that will be a revenue of between 490 to 700 million. Say about 20% production cost for a profit of between 400 and 560 million.
This is a mine that will spit out money like a busted ATM.
a $5 billion buyout would be $53 pps. I dunno might be nuts, but whoever owns this will be able to control the market and could kill the profit structure of the existing producers. Bidding war? We will see.
If I am wrong, I am wrong but I dont think I am.