RE:RE:This has me amped
did you read the CMP results? sure, old mines can cut down, lay people off, (but then not really keep mining,) slow exploration, supplies for decades (!? wtf that means?!) use old equipment, etc. (lets use old equipment with HIGHER maintenace costs! there isn't much in exploration drilling at existing mines, but i might be wrong w/ that :) everything else makes sense to me!
they just chose not to! they elected, voluntarily, to shave what, 8% off their profits? and they just said, nah, we'll voluntarily pay the higher prices to our suppliers cause they want us to! we just wont pay the higher prices! hey, maybe i'll try that at the next gas station i fill up at, my local one: "hey, ive been buying gas here for years, cant you cut me some slack on the price per gallon"?!?!
no shafts! that means no expensive upkeep on those! do you not get that? or should CMP stop maintaining shafts in order to preserve their margins? and someone pointed out the compliance costs are HUGE, and we just won't be subject to those! COST SAVINGS MUCH?!?!?
while there are going to be start-up costs, what dont you get about the DIFFERENT CHEAPER MINING METHODS? at one of the biggest mines in north america!
you dont get the inflation angle? go back to school and study why it wont matter if costs are increasing for something that doesn't affect you!
are you deliberately trying to be dense about this? sure, 70-something seems high at first glance, but when you look at it, for 60B-100B+ worth of a mineral that's proven to be there, not really! most SALT operations have been sold for 2-3B these past couple of years. hard to get a full and accurate picture here as lots of these are private transactions, but they're based on older, much older mines, with very expensive upkeep. we'll have NO upkeep (initially), and one of the BIGGEST mines in north america w/ deep water access!!!. 2-3 or 4B isn't out of the question is it? and i dont buy the 'but that's for the whole operation, marketing, sales, etc. won't need that if an existing company is looking for a REPLACEMENT mine, they'll have all that in place. and to backfill w/ a modern, MASSIVE, CHEAP mine? sounds like a no brainer to me!
Go SALT go!
thanks again to the few people who contribute to the tech discussion. ive been researchin ALOT, cool that this old dog can learn some new tricks!