global oversupply why is NPK already taken over. certainly at current potash prices the company is a very good BUY. if the majors even question finalizing current potash mines , there must be a reason.
maybe next paragraph will put things in context ( on VALE):
However, one will have to closely watch the progress at its $5.9 billion project in Argentina, which is currently under review. Expected to commence production in 2014, the project would add 4.3 million metric tons of potash to current production. The company has already completed 30% of the project?s work with an estimated cost of $1.1 billion. If Vale decides to delay or completely exit the project, it could significantly hurt its fertilizers business and consequently, our price estimate.