RE:producers are closing mines This is great news!! The company went from having a NAV of $1.8 billion to $8 million with the project being written off last April. To now a $3.3 billion NAV. The question is how were those previous BOD allowed to write off an asset with even more value now?
Bullmarket: if you read through Mosiac financials you will come across a line that says. COGS or cash of good sold. It's usually in the $200-220 mark. That is the operating cost with admin and transportation. Money in pocket. If your basing operations cost from the summary then those producers should be worth 3 times what they are now and won't be shutting down mines if $59 a tonne operating cost was reality. Belurus just sold at there cost to get currency in the bank. Potash doesn't buy bread, currency does. They are broke and need currency in the country.
Been a long time since I was on the boards. About time these guys got our project back to better numbers than before. Let's see what happens now that we have an asset valuation again.
glta and regards
Jerichoj