You are obviously aware that only 70% of current installed capacity (ignoring brownfield expansion) is being utilised. The recently settled prices with India an China is an indication of how flexible the incumbents are able to be to maintain the capital expenditure barrier to entry. Although India and China CFR prices are ~$420/t were settled more recently prices have trended downward. $350/t- $380/t Potash is still gives a fantastic margin to the incumbents but a death knell to aspirant new entrants who thought they could use >$500/t assumptions. Allana is a great project but >500kms from Djibouti. Apparently their plan is to truck 1Mtpa to to Djibouti.
MINING ISN'T FOR SISSIES but FOOLS ARE WELCOME
K2P Price at posting:
47.0¢ Sentiment: None Disclosure: Not Held
