TSXV:AAA.P - Post by User
Comment by
STVPon Jan 18, 2012 12:06am
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Post# 19415413
RE: Cut targets on wpx?
RE: Cut targets on wpx? now that's a real comparison, $3.3 billion versus less than $800 million to build a potash mine.
Saskatchewan potash for juniors is dead, might even be dead for any big players who have intention of building a mine there as well. Does anyone really think Potash Corp will sit there and let BHP putt them out of business? I don't think so, so Potash Corp will increase their capacity by expanding mines which along with others will cause potash prices to sink -- only new mines that will be profitable at that point will be the ones in Ethiopia.