RE: Facts for Sammy the boy...So I need a buy-and-hold strategy with a 20-40 year time frame? Thanks for steering me away from API.
You need to look at potash markets within the next 10 years because that's the desired payback period for a project. So you invest $3B, but since all the expansions and the BHP mine meet the 10 year demand, prices stay low so you don't get short term payback on your investment. If you had financial knowledge you'd realize payback period is a key number financiers look at.
Given the unknown capital for API's UG mine but in excess of $3B, then I suggest Potash One is better investment since lower $1.8B capital = higher liklihood of getting financed. Or is it better to spend $3B than $1.8B?