I read that article today & did ponder selling
but ELM has close to the highest grade & lowest cost deposit in the world
plus it is well located for the Brazilian market
Vale are investing heavily in potash in Brazil since their Taquari-Vassouras mine (refer to recent TRI announcement) will be mined out within 3 years
the players that really need to worry are the high cost players, such as STB and particularly BHP, whose massive potash investment in Canada could be a disaster for them
ELM opex = $80/t
BHP will = around $140/t
I read that article today & did ponder selling but ELM has close...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
