RE:RE:RE:RE:Re, Re,Re,Re,Re: mineral rightsblackwood2002 wrote: Oh I'm sorry catchit. Did I say FOB costs? Inclusive of interest payments? No. Sorry to confuse you. You can go compare those numbers if you like and report back. Feel free to tell all of us what FOB is vs. competition and prove me wrong that WPX hasn't a dramatic competitive advantage. As FS stated IRR at 18.9% with 5.6 yrs pay back at $450/t where do you think they get the spread of cost vs. revenue to accomplish that goal? Your FOB numbers are not accurate either so before you spout off check your own facts. Not all those costs are ongoing .. Some drops off after capex expansion is archived etc.. As for mgt ownership. Ops should have said mgt + insiders. Not many institutional investors in the mix and most senior mgt own 2-3mm shares/options/warrants each. Zimtu owns 2.7mm + 2.7mm in warrants. China blue does not hold 20% of the 26.. Check your numbers .. Thanks for you attempt at accuracy. Try again.
no you didn't say FOB price but you clearly stated that they would be making money at a $200 potash price which if I am not mistaken is false. Or do you not want to admit that what you wrote was false.
you wrote-
"If not the cheapest cost per ton to mine on the planet at around $67/t to mine. Potash corp is almost 2x that cost ! The best thing going for WPX is despite recent softening prices they can operate and be profitable even if potash dropped to $200/T ."
Wpx's opex is really $108.76 not $67. You neglected to incluspde the ongoing sustains capex figure that Wpx has cleverly used to have a pretend lower opex figure. But according to their feas every ton will cost the $108.76 to get out of the ground before other expenses.
so I correctly pointed out that your statement was false and instead of admitting it you spread more false statements.
Perhalps you could explain to all of us how Wpx is profitable at the $200 per ton that you mentioned?
Your right that my FOB price was incorrect. It is actually more because I neglected to allow for royalties and taxes in that figure.
i checked ink company insider and contrary to your false claim that china blue does not count as the 20% of the 26% that you initially attributed to management it clearly states that CBC holding corp is the insider that holds the 20% of the 26% you quoted.
i was incorrect in stating that management own only 2% of the company. It appears they own 6%.
i apologies for that. I remembered it differently and I should have checked the insider report before making such a false and misleading statement.
do you admit your false statements?
FYI - options are not counted when calculating the % ownership of the company. Wpx has 226m shares outstanding. Fully diluted if all the options and warrants were exercised would be much higher. But that is not counted in the ownership calculation because those options and warrants might not be exercised and would dilute the shareholding in any event.