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Stockchase Opinions

Michael DecterAthabasca Potash Inc.API.TODON'T BUYApr 16, 2008

He worries a little bit. There are potash producers and “would be” producers. It is very expensive to develop a potash mine. They certainly have reserves. The difficulty is knowing how the shareholders will fare in the financing that is necessary.
$8.75

Stock price when the opinion was issued

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Development potash play in Saskatchewan around the main camps of Potash (POT-T) and Monsanto (MON-N). Managed to find a lease that had not been renewed by Potash Corp. Problem: development is 8 to 10 years with costs in the billions. Now a “show me” story.
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One of the many emerging potash players. Not his favourite. (See Top Picks.) Be patient and you will be fine. Any company that has legitimate potash reserves will go up in price significantly.
COMMENT
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BUY
They own a very interesting potash deposit next to Potash (POT-T) in Saskatchewan. The price of potash has increased substantially over the last several years.