OCI Resources LP (OCIR)

[Gixene]

ADVFN_schweinswal, I agree.

"OCIR plans to pay $39.9 million in minimum yearly distributions, which is a 10% return at the price range mid-point of $20." (Seeking Alpha, 2013)

Get this.

OCI Resources is sitting on roughly $44.3 billon worth of soda ash. If you do the math…

Roughly $305/ton x 145.5 million tons = $44,377,500,000

"Based on a projected mining rate of 4.0 million short tons of trona per year, OCI Wyoming has enough proven and probable trona reserves to continue mining trona for approximately 67 years." (Seeking Alpha, 2013)

How much will OCI Resources LP (OCIR) mine a year?

Roughly $305/ton x 4 million tons a year = $1,220,000,000

This is all permitting that OCIR keeps their production rate at 90%+.
This is not including the rising price of soda ash.
This does not include COGS and other expenses.
This does mean promised consistent revenue and growth.

The more I dig into OCIR, the more I like it. Though I'd wait for a dip that usually comes after IPOs. Then again, if OCIR beats estimates and announces a dividend, it could be best to get in now before it shoots up.

References
Seeking Alpha. (2013, Sept. 12). Ipo preview: Oci resources lp. Retrieved from http://seekingalpha.com/article/1691232-ipo-preview-oci-resources-lp