Quote:
Originally Posted by Stormer
Western Potash just released their pre-feasibility study on their Milestone mine. The study says it has a net present value (after the $3B capex is paid) of $4.4B.
Although it is called the Milestone Project, it is actually just SE of Kronau just outside of Regina. Unlike BHP, Vale, Rio Tinto and K+S, Western does not have $3B burning a hole in its pocket, so they will need to find someone to back them.
http://www.financialpost.com/markets/new...ility+Study+Milestone/5634438/story.html |
Assuming a flat tax for royalties is a bit naive - would have taken them minimal effort to read the potash production tax regs and modeled something based on reality. This looks like a pump and dump - the capital pointe of potash mining.
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