Weekend Reading For Serious EPO InvestorsRY just made a very perspicacious comment regarding the embarrassingly low IQ of the EPO bashers that clutter this board with nonsensical gibberish and self-congratulatory paeans to their pathetic alter-egos.
He also stated.....
"I agree of course that the bashers obvious job is simply to clutter up a good board that has excellent investing potential. With all the news to come out in the next 90 days,
the questions should be about the future, not the past.
And the future will be
EPO tripling before any other potash juniors imo." (bolding is mine)
I have this posting to add, humbly, to RY's always sagacious observations............
Legendary investor, Jeremy Grantham, Co-founder and Chief Investment Strategist of Boston-based GMO. one of the largest fund managers on this planet, has just released his 2nd report on his "Peak Everything" series and it behooves all serious and long EPO investors to pay close attention to his comments concerning agriculture, population growth, resource depletion and the consequences of soil erosion. He says......
"As the population continues to grow, we will be stressed by recurrent shortages of hydrocarbons, metals, water,
and, especially, fertilizer. Our global agriculture, though, will
clearly bear the greatest stresses. It may have the responsibility for feeding an extra two to three billion mouths, an increase of 30% to 40% in just 40 years. The
availability of the highest quality land will almost certainly continue to shrink slowly, and the quality of typical arable soil will continue to slowly decline globally due to erosion despite increased efforts to prevent it. This puts a huge burden on
increasing productivity. Here, the discussion is about the pain and time involved in getting to long-term sustainability as well as trying to separate the merely irritating from the real, often surreptitious, threats to the long-term viability of our current affluent but reckless society. The moral however, is clear. As Jim Rogers likes to say: be a farmer not a banker – the world needs good farmers!"
Mr. Grantham continues to expand on the main points in his thesis and his comments regarding agriculture and resources are summarised as follows...
Running out completely of potassium (potash) and phosphorus (phosphates) and eroding our soils are the real long-term problems we face. Their total or nearly total depletion would make it impossible to feed the 10 billion people expected 50 years from now.Potassium and phosphorus are necessary for all life; they can not be manufactured and cannot be substituted for. We depend on finite mined resources that are very unevenly scattered around the world. Globally, soil is eroding at a rate that is several times that of the natural replacement rate. It is probable, although not certain, that the U.S. is still losing ground. The world as a whole certainly is.
In particular, a significant number of poor countries found mostly in Africa and Asia will almost certainly suffer from increasing malnutrition and starvation. The possibility of foreign assistance on the scale required seems remote.The many stresses on agriculture will be exacerbated at least slightly by increasing temperatures, and severely by increased weather instability, especially more frequent and severe droughts and floods.Another point made by Mr. Grantham is that ..."the finiteness of natural resources is simply ignored, and pricing is based entirely on short-term supply and demand."....
I submit that here is sufficient positive information for all of us EPO shareholders simply to continue holding (and adding, if possible) and sleeping well, while ignoring all the fools who degrade the integrity of this board and insult the intelligence of serious EPO investors daily.
I am betting that EPO will be in production before any other junior, including BHP's much ballyhooed Jansen project. BHP simply has too many development projects on its agenda worldwide, and has already run into political opposition here in Canada due to its high-handed behaviour and its belief that it is big enough and rich enough to be able to buy its way into any political system it targets. Wrong..... not in Canada!
Just my opinion, folks, I know nothing! .... I'm just passing on information that I found.