GREY:PCCLF - Post by User
Comment by
MolyMadeMeRichon May 04, 2008 4:50am
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Post# 15035540
RE: HOUSTON we have a problem!!
RE: HOUSTON we have a problem!! Exactly Yellow, That was my point as the share price trades at a discount for that reason!@ 675 base case and $1200 todays price...But were will the price be When they get this baby into production? Will they beat Potashs Rush to Expand there production as there spending BILLIONS on Expansion, Right now!!NO!! These prices are great if you are producing today!! But think Years down the road?And the costs to build the mine/plant will be ridiculous.. ...Thats why the market discounts juniors!! Reminds me of the current GOLd Price..seniors saw a nice POP. But the juniors(non-producers) LAG. Longer term this is a winner, But be carefull and pick your spots.MMM$. The market will price this junior accordingly...I percieve we are still over-bought.GLA..