RE: RE: Raymond James slash target price What are you talking about.
Potash one was bought...2 years ago for 450 millions. Potash prices were lower then. M Vargas clearly stated that he thought western potash had a better project with better ressources and could get more for investors than what was obtain for potash one. Several offers were declined for lack of a good price for investors. Now, western potash even has a water deal making the solution mine possible. Potash one never had that. When the deal gets signed with a partner, this year, either it will be a bought deal for more than 450M which would take the price close to 2.50$ per share AT MINIMUM or if they signed a financing deal it will be 50% of the project completed taking the company close to 1.5 billions in market cap. Make your own calculation.
You would have to explain to me what sounds about right in 75 cents. What would take it from 62 cents right now to 50 cents short term and what catalyst would take it to 75 cents after that. Is there a company in a similar situation, or had a similar situation that can make you put forward a number like that ? 75 cents would take the company to what....120 millions market cap ? Why would 120 millions sound about right.