$MLP.v @MLPotash
I haven't heard a more bullish interview... quite clear where this story is headed in the next 12 months.
Quotes from Farhad:
“It is actually, if you look at the total global resource, one of the largest in the world.”
“Economics look very, very strong, probably one of the lowest cost structures out there.”
"We have never seen anything like this before… the equity dilution will be minimal."
“We’re the only junior fertilizer company that has that type of support from the US government.”
“If we get a deepwater port done… that will remove any constraint on the scalability of the project."
“Instead of… 800,000 tons a year… anybody else who controls the project can go up to 4–5 million tons a year.”
“That will be one of the major producers… over time.”
“It will also position us as one of the largest producers down the road at a very low cost.”
“Western parties… Chinese or Western parties… they don’t want to be involved with small production scale.”
“We will be able to actually command much higher premium anyway.”
“We’re also looking at potential doing a JV or strategic partnership with large… potash producers and non-potash fertilizer producers.”
Sub $200m EV, fully funded (outside capex) - and shaping up to be one of the largest, most competitive potash producers in the world.
