If BHP can't make Jansen work their is little hope for WPX raising $ 3 + billion for a mine.
May 3, 2012
PotashCorp chief executive Bill Doyle threw down a challenge to rival BHP Billiton today, saying in an interview with The Financial Post that he doesn’t believe the world’s biggest miner is able to establish a potash beachhead in Canada with its Jansen mine.
“But right now they can’t make the numbers work. I know. Returns aren’t there. There is no mystery to us why they haven’t decided to go ahead, because no one takes a project to the board of directors and they say, ‘What is the return on investment?’ And you say, ‘It’s negative’. ”