npk.to/sxx.l - interesting, saw that just before you posted ... comparisons are greatly overwhelmed by differences, imho
Note interviewer is brit, backdrop is London skyline, there are the major connections ... and alright, they are both fertiliser projects ... other than these, well -
Vast quantity of salts-free verdete smack in the middle of, and within lorry range of, a huge and growing market in the Cerrado, versus whatever Sirius has of a sulphate/saline product in Yorkshire ... which does have some fine agriculture yes, i've gotten soil under the fingernails just northwest of there ... plus it's on the coast, so could be shipped overseas at minimal cost, there's an existing mine so infrastructure will be in place, yes there may be decent economics in it [or not, don't know enough to tell], but these two will definitely not be competing for the same market [as CV points out]
Four point seven billions outstanding - lol ... <shakes head> ... and at usd fifty cents [can that possibly be right - sruxf?], lord love a duck, if i had some i'd sell it ... market cap is screaming that it's gotten great pump, while npk has not, yet ... it's like where you and i were talking two other plays - this is not comparison, this is contrast
Polyhalite - sort of says it all - 'many' plus 'salt' in greek - en.wikipedia.org - says 'low in chloride' but i expect only relatively so ... can't imagine the dutch would be wanting any chloride added to their polders, and they're the nearest offshore market ... maybe they have a way of stripping it out, don't know ... in any case i expect cost of production will be radically higher than npk's current programme, and possibly cost of transport as well
What struck me most was how well CV has matured over the years ... still quite young, and always was fully capable, but nobody can point to him now and say there's a green kid, what does he know
As for the two companies, if you put them both on a spectrum of their own, they'd be on opposite ends -g- ... Sirius market cap is siriusly interesting though eh, shows what's possible in the sector ... if only ... and when ... |
