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Post by Wheldale on May 16, 2012 13:49:13 GMT -5
There's been a lot of talk lately about potash but how much does it cost a tonne?
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Post by dazbt on May 16, 2012 14:22:40 GMT -5
There's been a lot of talk lately about potash but how much does it cost a tonne? Sirius are basing their calculations on future long term selling prices for Potash maintaining US$500 tonne. |
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Post by John on May 16, 2012 14:33:50 GMT -5
WOW!! That's expensive, there's a few potash mines in Canada and the US, not to mention Spain, Germany, Poland and I think Russia has a couple.
But even at $500 a tonne, Sirius appear to be taking a huge gamble.
I don't know what the price per tonne was in the mid 70's, but there were times Boulby looked like failing, they were always deep in the red when I was working there and from what I can make out, it was closed briefly and put on care and maintenance in the early 80's.
The Chairman, gave us a monthly update and lecture, he knew we couldn't do much better.
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Post by dazbt on May 16, 2012 14:40:26 GMT -5
Canadian prices appear to have fallen slightly in the last few months but the latest prices I've seen Potash was at Can$450, so maybe Sirius aren't Siriusly far off the mark.
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