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Comment by
RetiringYoungon Jan 16, 2014 1:11pm
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Post# 22099719
RE:RY... I wonder if...
RE:RY... I wonder if...Fertiman wrote: Allana is competing with the Indians on the offtake agreement that they are looking for... I know they are looking for around 2 mmt and Allana can easily ramp up to 2 mmt based on the water and potash availability, although I don't think this will happen until the rail link is connected to the region.
I have no doubt that EVERYONE is competing for that 2M tonne offtake, expecially KRN since they already have a small Indian offtake. Every junior has been trying to get it for over a year. But according to the Encanto interview I read yesterday, they expect to have it wrapped up this Q. I suspect that's the reason why we are hearing more about Allana having all the demand they require right in Africa; the Chinese are tied up everywhere and India is soon to be. Afircan demand will be enough for them in a few years.