If IC Potash were to trade in-line with Sirius( SXX:London), shares of ICP would be around C$2.24.
Analysts see the potential of a $5.00+ ICP share price with advancement to production assuming SOP pricing stays around current levels
and even more upside with a further strengthening of prices, it is not a question of if farmers will buy, but how much and when
Upon reaching production, ICP will generate $440 million of revenue and $315 million of EBITDA based on current market prices. This means at an 8x EBITDA multiple, ICP could obtain a valuation of more than $2.5 billion dollars.