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Intrepid Potash (IPI)

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Last Post: 12/28/2017 12:43:30 PM - Followers: 21 - 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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IPI News: Statement of Changes in Beneficial Ownership (4) 12/19/2017 06:45:22 PM
IPI News: Initial Statement of Beneficial Ownership (3) 11/27/2017 04:57:09 PM
IPI News: Current Report Filing (8-k) 11/15/2017 04:17:31 PM
IPI News: Statement of Changes in Beneficial Ownership (4) 11/13/2017 06:01:04 PM
IPI News: Statement of Changes in Beneficial Ownership (4) 11/13/2017 06:00:37 PM
#368   Setting up to break $5 for the first SteezePleeze 12/28/17 12:43:30 PM
#367   * * $IPI Video Chart 10-24-17 * * ClayTrader 10/24/17 04:57:19 PM
#366   IPI running SteezePleeze 09/19/17 09:23:25 AM
#365   Yesterday proved the strength of this stock. Brent108 08/04/17 02:16:17 PM
#364   3.9 going to be tested again here. A SteezePleeze 08/04/17 12:29:02 PM
#363   Pressure is building and 3.68 area showing strong SteezePleeze 08/03/17 12:37:45 PM
#362   We'll get to see how strong this is SteezePleeze 08/03/17 12:22:21 PM
#361   Next leg coming. Could hit 4$ now SteezePleeze 08/03/17 11:09:31 AM
#360   Looking at when IPI fell a few years SteezePleeze 08/03/17 10:52:03 AM
#359   Close enough to $4 for me. Thanks IPI! TheMonolith 08/03/17 10:43:30 AM
#358   3.68 has acted as strong resistance, but with SteezePleeze 08/03/17 10:20:02 AM
#357   3.68 has acted as strong resistance SteezePleeze 08/03/17 10:18:45 AM
#356   Very nice day here. Looks a potential gap SteezePleeze 08/02/17 04:08:40 PM
#355   Predicted this day 2 weeks ago. Sorry Brent108 08/02/17 04:00:53 PM
#354   3.5 could fall here EOD. Nice close could SteezePleeze 08/02/17 03:43:15 PM
#353   Could get fun here in power hour... SteezePleeze 08/02/17 02:34:05 PM
#352   Flushing out weak hands. 3$ acting as new SteezePleeze 08/02/17 10:53:57 AM
#351   IPI nice day! TheMonolith 08/02/17 09:54:07 AM
#350   Awesome gap up. Healthy dip to 3.3, would SteezePleeze 08/02/17 09:49:34 AM
#349   Looking for that 3.05 break SteezePleeze 08/01/17 12:33:09 PM
#348   Looking really good here! Keep on trucking IPI SteezePleeze 08/01/17 10:40:24 AM
#347   3.05 just fell. Resistance at 3.5 and then SteezePleeze 07/27/17 12:02:30 PM
#346   aGREED - maybe $4 soon? TheMonolith 07/27/17 11:51:52 AM
#345   Happened as I posted haha. IPI looking very SteezePleeze 07/27/17 11:12:35 AM
#344   This flies after 2.95 IMO SteezePleeze 07/27/17 10:23:12 AM
#343   Great close here. Expecting another push tomorrow. Could SteezePleeze 07/26/17 08:18:13 PM
#342   Expecting good news on August 2nd. Selling Brent108 07/20/17 05:06:03 PM
#341   Gonna be at 3$ before you know it SteezePleeze 07/19/17 12:22:12 PM
#340   Old resistance is now the new support. Volume SteezePleeze 07/19/17 12:04:46 PM
#339   If this breaks 2.8 then this chart will SteezePleeze 07/19/17 10:32:59 AM
#338   Wow looking nice here. Could close HOD and SteezePleeze 07/10/17 03:27:21 PM
#337   Insiders bought 10 million shares, why would you DayOldTrade 06/15/17 01:24:11 PM
#336   You like?? ?? SteezePleeze 06/13/17 08:24:10 PM
#335   * * $IPI Video Chart 06-13-17 * * ClayTrader 06/13/17 05:04:31 PM
#334   New high coming people! SteezePleeze 06/13/17 12:39:18 PM
#333   $3.04 is IPI's 52 week high. Buy high SteezePleeze 06/13/17 11:51:35 AM
#332   Would love to see this break 2.25 and SteezePleeze 06/01/17 12:59:55 PM
#331   So in short, yes. Break 2.3 and I SteezePleeze 06/01/17 12:14:33 PM
#330   Not great news out last week which explains SteezePleeze 06/01/17 11:39:54 AM
#329   Still think she will pop ? steve7777 05/27/17 12:19:23 PM
#328   Ipi about to pop imo. Another 2.5 test SteezePleeze 05/26/17 11:58:13 AM
#327   Next 2.5 test coming today SteezePleeze 05/24/17 09:51:00 AM
#326   First 2.5 test coming SteezePleeze 05/23/17 09:52:30 AM
#325   I'm thinking three! Once this breaks through the SteezePleeze 05/12/17 01:07:04 PM
#324   Anyone hearing any BUYOUT rumors??? nodoubtatall 05/05/17 05:28:58 PM
#323   I'm thinking too... carusso 04/25/17 02:51:32 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