Your right Max ! AAA is just getting started ...all this talk about new mines ... AAA mine is the only one that can be done for a realistic price to product cost... Farhad will be able to pull this off with Off/Take and financing...maybe some sort of JV agreement as well...and the backing of Liberty and IFC...end users India China and Ethiopia ...One thing is for sure ... and that is Doyle from Potash Corp knows the costs of doing buisness in Sask...for any kind of greenfield mine start up...
BHP Billiton’s multi-billion dollar effort to open new potash mines in Saskatchewan. BHP Billion is, of course, the Australian-English commodity giant who tried to take over PotashCorp last year for $38 billion.
Doyle said any greenfield project should be resigned to high capital costs, not in competing with other greenfield projects over start-up costs.
“I don't know how you compete with a greenfield mine at today's prices. We know they can't be economically justified. That's why you have no one going ahead with greenfield today,” he said. “We've had a lot of delays in the people who've been looking at greenfields. And the reason is you just can't make the numbers work. There's no mystery to it.”
And, one more time, Doyle referenced those companies out there who are intent on starting a potash mine from scratch. No mention of BHP Billiton, of course. That would be rude.
“It’s just a huge advantage to already be in the business versus someone that's come in from the outside that's got to start from scratch,” he said.
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