RE: RE: RE: Wpx upwards movement today???And some talk about the "Political Risks" in Africa....Ethiopia..?...Next time this comes up...remember it can be right in your backyard...anytime soon..?
One election away from
..."real quiet...real quick"....wonder fiddle whom he is talking about...$3 billion in new potash royalties for Sask. Its already hard enough to make the numbers work...add this burden onto a greenfield Bankable Feasibility Study and ....ouch!
No talk of this stuff in Ethiopia...they want development and eventual taxes...thats why over $6.0 BILLION has been invested in Ethiopia's mining sector...wonder if those companies did their due diligence...
Choose your level of risk carefully...I have chosen Ethiopia...Farhad...and Allana Potash...
Karma
If memory serves, PotashCorp’s presence is readily apparent across the province’s landscape north of Highway 401; Mosaic logos on the sides of trucks are all over the roads south of the Trans-Canada highway.
BHP Billiton has already spent $1.2 billion on developing the idea of a multi-billion-dollar potash mine there. Vale is looking. A handful of juniors are making inroads, one with serious German backing.
So the NDP, if it wins the election, will pick rent control over giving a hand to corporations ready to spend billions to build a mine, employ countless people across the economy and pay the existing royalty rates.
Meanwhile, the global economy is derailing, putting an agricultural sector in jeopardy, even though the demand for fertilizer and food is growing – if people can’t pay for it, they won’t buy it.
Is this really the time to start demanding more from a sector that could get real quiet, real quick?