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MagIndustries Corp MAAFF

Agriculture Forest Products Agricultural Inputs Lumber & Wood Production
MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.


GREY:MAAFF - Post by User

MagIndustries Corp
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Comment by mtsuiton Oct 22, 2008 9:57pm
159 Views
Post# 15541955

RE: RE: Whatever happened to

RE: RE: Whatever happened to<< 1) Potash prices have been cut in half >>


This is completely false.  This week citigroup said:

"K – Saskatchewan potash held at $767/ton but Midwest slipped 3% to $885/ton

due to lower dealer prices. Investors should keep in mind that the Midwest fair

value is roughly $817/ton, assuming a $50/ton transportation cost from Sask

mines."

One year ago Midwest potash was $298/ton.

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