Prospect Global Resources Inc fka PGRX

[Steuvin]

Sure. Belarus never wanted Uralkali to bolt in the first place. Belarus now says it wants a worldwide cartel to protect prices and to block Uralkali, if Uralkali tries to dump at low prices.

It's hard to say. How long will the others hold their prices if Uralkali persists? How much has this emboldened farmers to hold out for cheap prices? How much, if at all, has this retarded the exploitation of new resources such as those of Prospect?

My guess is that the Uralkali/Belaruskali cartel is over. Belarus got hosed.

Cheap-to-mine-and-deliver potash will now rule. Mosaic and Intrepid are in trouble, I think. Maybe also Belaruskali. Prospect could come out well if it can show that it is overall cheap to produce and mine. It could replace Intrepid and Mosaic in the U.S.--Uralkali will continue to focus on Asia, as it has never been big in the U.S. and can only increase its production so much--if it can demonstrate that it has a good land package, good management, and the wherewithal to actually mine more than a million tons per year.

Maybe Prospect can pull it off and maybe Uralkali's ploy will benefit Prospect. It's a long shot but we'll see.