RE:SOP potashI agree with you fiddledee. Thanks to some guys who dumped 200k this morning at market price, I am long ICP@.4.
I almost bought AAA based on the recent pullback, but I think SOP potash will be relatively safer in a market that will soon be flooded with muriate of potash (mop).Even if the price of SOP fall to 400$ (my worst case scenario), ICP will still make a 200-220$ profit per t. (less taxes). Even if AAA makes the same kind of profit (based on a 300 $ mop price), ICP production will be 3x higher and the market cap will most likely be lower.
Buffet would hate me for investing in a junior company, but be aggressive when others are fearful is my favourite mantra. The market will probably punish this stock even more for no reason, but in a few months, ICP will be recognized for what it is, a fantastic opportunity for the bold