Cormack Price target
Taken from Smart investment website ICP thread.
with thanks to " Bobwins "
I just read a report from Cormack Securities on junior potash stocks. They think most greenfield projects won't be built because of expansion by the majors. They do like two greenfield projects, Allana and IC Potash.
They like Allana because of it's location near India and China and the low cost potential due to using cheaper solution mining and solar to reduce costs. BHP is sniffing around and has an adjacent landholding. Price target is C$.95.
I have been holding since .20 so was happy to see they think AAA.v will make it.
They also like IC Potash and outlined their reasoning. SOP sells for a 40% premium to MOP and 56% of world production is high cost secondary production where they buy MOP and then process to create SOP. Cormack thinks IC can become a primary producer by 2015. They also think that they will be able to get financing. Price target is C$1.
AAA.v had a little bump last week and I was pleased until I looked at ICP.v! Wow! .37 last week to a high of .65 yesterday!