in your calculation, you use above market price for potash, but use very favorable parameters for the costs.
6% interest rate to borrow $1.3b?
can you give an example which listed mining company was able to borrow at such low rate?
all these study was done two years ago: should be considering rising labour costs, inflation etc.
if you using current potash price and realistic costs, NPV will be complete different.
you are too smart to assume what else is talking.
i did Not say SBB should be valued at same pe as BBG! you are Wrong.
you used wrong opex figure, but didn't admit you are biased because you hold the stock.
i didnt say the elm Project was uneconomic. you just made up again.
you just need to read my posts precisely!
K2P Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
