$575/ton is an outstanding price. It's only been bettered by the sudden spike a few years ago which only lasted 3-4 months. This time it's likely Potash prices will stay higher for much longer. Already reports of fertiliser shortages are appearing in places such as India. Expect food riots by year end in several countries and a scramble by govts to buy fertiliser in a belated attempt to feed their populations. Expect the PFS to reveal strong profit margins. Huge future for this relatively shallow world class deposit.
K2P Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held