"Bottom is in on potash prices & the markets are buying"
Jackson explains why shares of Nutrien and Mosaic are rebounding after a pre-market drop following their JV signing a contract with China at prices lower than expected.
In light of this development, it’s worth exploring other companies in the industry, including Sage Potash (SGPTF SAGE.v) who is spearheading a transformative approach to the potash industry, aiming to establish a domestic supply in the US, reducing dependence on imports from Canada which currently fulfill 94% of the nations potash needs.
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With a modest market cap of only USD$13M, despite its impressive inferred resource of 279.5 million ton potash, Sage's Plains Project stands out as the largest potash deposit in the US near pilot production.
Located in Utah's Paradox Basin, renowned for its abundant and underdeveloped world-class potash resources, the resource value exceeds $18 billion based on the current pricing of $645/ton and the project has the potential to be a Tier 1 deposit
Furthermore, the project's PEA is highly anticipated in the second half of 2023, expected to showcase the potential for pilot production to commence within the next 1-2 years. Initial projections indicate a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years.
Posted on behalf of Sage Potash Corp.