Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Comment by Psalm9012on Nov 24, 2014 10:47am
157 Views
Post# 23157914

RE:300,000 tonnes of production 2015 equals over $60 million

RE:300,000 tonnes of production 2015 equals over $60 millionIt is not unreasonable to expect significantly better revenue than this next year as explained. Since September, the Brazilian Real has dropped 15% in value. This would make a selling price of $235 per tonne SSP still competitive with imports. From the production side, consider the following: 1) Brazil farmers are expected to have a bumper crop this year - see Bunge report posted by Richardtrader - and though strong global yields could keep prices depressed, the lower Real will offset this. Combine this with high yields and the farmers will have significant disposable income for fertilizer purchases next year; 2) MBAC's product is good quality and desired by farmers and this slow period enables MBAC to establish all necessary contracts; 3) the Oct. press release stating they had daily production as high as 1,700 tonnes shows MBAC is now primed to meet or exceed design capacity. Put all this together and I think it is reasonable to do 400,000+ tonnes SSP next year. This would generate $94 million. Despite what will be a slow start to the year, we should end up doing very well by the end. Remember - the psychological game changes from here on in - the company will now under promise and over deliver to reverse the market's negativity reflected in the stock price. Greg
Bullboard Posts