RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE Peter,I enjoy reading about your point of view....you raise very valid concerns,which I'm sure many have....and this is why I read these forums....to put out my own concerns ....and to hopefully,address concerns.Everything is my own opinion.
If your'e comparing US taxes and labour costs with 3rd world countries with less infrastructure,political instability,possibility of goovernment intervention/nationalization,greater distance/cost to get product to targeted market.....I'd prefer the "safer" option.Taking into account the higher labour costs( not too sure about "higher taxes",how does it compare to Canada.....where much of the world's potash comes from?) ICP's project ,not only has lower capex cost....but low operating costs.With expected payback of less than 4 years and decades of profitability....it's no wonder there are so many "intstitutional" investors.
The beautiful thing ,in my opinion,is that ICP's project has capex and operating costs comparable to the juniors located in "cheaper" 3rd world countries.Isnt that kinda like getting a Mercedes for the cost of a Trabant !