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Intrepid Potash (IPI)

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Last Post: 4/23/2017 11:12:46 PM - Followers: 23 - Board type: Free - Posts Today: 0

Intrepid Potash We are the largest producer of muriate of potash (MOP, or potassium chloride) in the U.S. and are dedicated to the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium. Potassium is one of the three nutrients essential to plant formation and growth. Since 2004, we have supplied, on average, 1.5% of world potash consumption and 8.5% of U.S. consumption annually, and we have supplied a considerably higher proportion of the potash consumed in the southwestern and western U.S., our core markets. We are one of two exporting producers in the world of langbeinite, a low-chloride fertilizer that is better suited than MOP for chloride-sensitive crops. We also produce salt, magnesium chloride and metal recovery salts from our potash mining processes. We own five active potash production facilities—three in New Mexico and two in Utah—and we have the nameplate capacity to produce 1,200,000 tons of potash and 250,000 tons of langbeinite annually. For the nine-month period ended September 30, 2007, we sold approximately 679,000 tons of potash and approximately 132,000 tons of langbeinite, an increase of 31% and 91%, respectively, over the comparable period in 2006. We own two development assets in New Mexico—the HB Mine, which is an idled potash mine that we are in the process of reopening as a solution mine, and the North Mine. We expect that the expansion opportunities at our operating facilities and the HB Mine will increase production by an aggregate of over 370,000 tons of potash and langbeinite annually over the next five to seven years. Our principal assets include: Two conventional, underground potash mines in Carlsbad, New Mexico—the West Mine and the East Mine—and the North Facility compaction plant. The West Mine has the nameplate capacity to produce 510,000 tons of potash annually. Potash from our West Mine is processed at our North Facility compaction plant. The East Mine produces two products, with the nameplate capacity to produce 390,000 tons of potash and 250,000 tons of langbeinite annually. The East Mine mill is a dual potash and langbeinite facility that uses a first-of-its-kind milling process. Two potash facilities in Utah—the Moab Mine and the Wendover Facility. The Moab Mine uses solution mining methods to extract potash and has the nameplate capacity to produce 180,000 tons of potash annually. The Wendover Facility collects potash from natural brines and has the nameplate capacity to produce 120,000 tons of potash annually. Both of these facilities use low-cost solar evaporation to recover potash. Two development assets in Carlsbad, New Mexico—the HB Mine and the North Mine. The HB Mine is an idled potash mine that we are in the process of reopening as a solution mine. We expect to commence Phase I of the project in 2008, with production beginning in 2009. We believe Phase I has the potential to ultimately add up to 150,000 to 200,000 tons of additional low-cost potash production annually by 2011. The North Mine is another idled underground potash mine that we may choose to reopen in the future and that already has in place mine shafts and much of the transportation and utility infrastructure required for operation. Company History Intrepid Mining was formed in January 2000 for the purpose of acquiring the Moab Mine from PCS. The Moab Mine was a solution mine which had experienced sustained declining production. Our management team stabilized production volumes at nearly twice the pre-acquisition level by applying horizontal drilling technology that is commonly used in the oil and gas industry but had never before been used to mine potash. We observed that potash from Moab shared markets with potash produced in Carlsbad, New Mexico and in Wendover, Utah. Accordingly, we formulated a strategy to acquire assets in those areas in order to consolidate marketing efforts and effect operating synergies. We acquired the assets of Mississippi Potash, Inc. and Eddy Potash, Inc. in Carlsbad, New Mexico from Mississippi Chemical Company in February 2004. In April 2004, we acquired the potash assets of Reilly Chemical, Inc. in Wendover, Utah. DISCLAIMER: Opinions expressed on this board are just that. Opinions. We are not a licensed brokers. Trading strategies discussed on this board are often high risk and not suitable everyone. If you are losing money in the market, you may wish to seek the advice of a licensed securities professional. No one is responsible for your gains or losses in the market except you. If you follow stocks, strategies discussed on this board, you may lose all your money. Please weigh the strategies discussed here carefully against what you are willing to risk. Please do your own due diligence before buying or selling any security in the open market, there are no guarantees. - Join the email list today!
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Current Price
Bid Ask Day's Range
IPI News: Initial Statement of Beneficial Ownership (3) 04/13/2017 04:20:55 PM
IPI News: Intrepid Potash Announces Date for First Quarter 2017 Earnings Release 04/12/2017 04:30:34 PM
IPI News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/06/2017 07:04:35 AM
IPI News: Proxy Statement (definitive) (def 14a) 04/06/2017 07:02:18 AM
IPI News: Statement of Ownership (sc 13g) 04/03/2017 06:52:18 AM
#322   Thinking this might be a good buy steve7777 04/23/17 11:12:45 PM
#321   FAIRFAX FINANCIAL HOLDINGS LTD/ CAN has filed a wiltonio 04/03/17 06:51:34 AM
#320   Clearway Capital Management Ltd. has filed a new wiltonio 03/27/17 12:41:13 PM
#319   Ipi will do very well in long-term hp435 03/17/17 10:09:22 AM
#318   IPI bullish 1.42 stocktrademan 03/14/17 03:49:18 PM
#317   IPI consolidating again here at around 2.2-2.3 Charts looks SteezePleeze 02/23/17 12:49:56 PM
#316   Nice bounce off of uptrend. Looking for new SteezePleeze 02/13/17 12:10:02 PM
#315   Here’s One Industry Where the U.S. Is Already cdrom 02/12/17 09:48:13 PM
#314   Up trend will be tested tomorrow. Almost guaranteed SteezePleeze 02/06/17 05:01:29 PM
#313   All out war at 2.15 SteezePleeze 01/26/17 01:40:17 PM
#312   Consolidation is going fast with these drops. This SteezePleeze 01/26/17 12:51:07 PM
#311   Got worried for a few days in the SteezePleeze 01/25/17 05:18:00 PM
#310   Does Trump will cut subsidies to farmers...if so feli-finance 01/18/17 02:16:49 PM
#309   What makes you say that? SteezePleeze 01/17/17 08:15:04 PM
#308   Bankruptcy coming Nitrogen 01/17/17 05:15:07 PM
#307   $IPI think it's about to pop and start SteezePleeze 01/11/17 03:05:23 PM
#306   Round two about to happen here again. Flushing SteezePleeze 01/03/17 10:04:30 AM
#305   I will keep purchasing until $3 per share....Thank CARLITOSWAY84 12/28/16 01:32:32 PM
#304   And boom goes the dynamite. Let's see where SteezePleeze 12/27/16 03:45:28 PM
#303   $2.55 zone about to break IMO. Run to SteezePleeze 12/27/16 02:54:10 PM
#302   ipi is bankrupt dont buy this stock theprofit444 12/19/16 12:20:12 PM
#301   ipi is bankrupt dont buy this stock theprofit444 12/19/16 12:19:18 PM
#300   A 200k AH buy yesterday and another 150k SteezePleeze 12/15/16 04:08:53 PM
#299   Reversal in progress. Looking nice here SteezePleeze 12/13/16 12:31:47 PM
#298   Agreed. Roughly 150k buy in AH SteezePleeze 12/12/16 06:09:13 PM
#297   Good pull back to reach new highs. louisgeorge 12/12/16 04:48:48 PM
#296   Nice W formed there SteezePleeze 12/12/16 11:37:31 AM
#295   Agreed! IPI is a good stock to buy. legalizeMJ 12/09/16 02:56:50 PM
#294   3$ close? SteezePleeze 12/09/16 02:31:38 PM
#293   About to pop IMO SteezePleeze 12/09/16 12:28:46 PM
#292   If this breaks 2.5 solidly we'll see a SteezePleeze 12/08/16 01:24:29 PM
#291   IPI a real runner today. Certian materials stocks RLBTrader 12/07/16 05:52:51 PM
#290   * * $IPI Video Chart 12-07-16 * * ClayTrader 12/07/16 05:06:36 PM
#289   Agriculture Fertilizer serious38 11/23/16 11:10:57 AM
#288   Weekly Fertilizer Review: serious38 11/21/16 02:39:49 PM
#287   I think so too. That's why I started serious38 11/21/16 12:16:33 PM
#286   POT and IPI have basically the same chart stockboy 11/20/16 02:58:22 AM
#285   The biggest potash producer in the USA Nitrogen 11/14/16 04:23:52 PM
#284   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Nitrogen 11/11/16 09:25:47 AM
#283   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$ Nitrogen 11/11/16 09:25:25 AM
#282   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$$$$$$$ Nitrogen 11/11/16 09:22:06 AM
#281   The Stock Market Could be Underestimating This Company’s Value cdrom 10/05/16 09:55:07 AM
#280   IPI~wouldn't you know-big merger news of POT_&_AGU lit Stanner 08/30/16 01:28:55 PM
#279   IPI~ ticker trading list of mine-no violent or Stanner 08/30/16 01:01:42 PM
#278   Good call. What was your reasoning? SteezePleeze 08/30/16 10:34:21 AM
#277   IPI~held_&_I believe it should go up from $1.30+ level Stanner 08/29/16 10:05:25 AM
#276   IPI~rebound_or_OTC_?_ Stanner 07/06/16 10:16:09 AM
#275   IPI~here Stanner 07/06/16 10:15:40 AM
#274   IPI~happened Stanner 07/06/16 10:15:25 AM
#273   IPI~ what Stanner 07/06/16 10:15:00 AM