doubtful

CF Industries: A Fertilizer Company That Doesn't Stink

The hype in fert stocks is scary. However, of the three plant nutrients PNK, K=potassium is the most important and maybe the least abundant.
BHP and Anglo established huge land leases in Sasketchewan and are buying all they can get. See offer to buy Anglo for C$ 8.15. Anglo was trading at C$ 2.50 a few months ago. I am accumulating API -T on pull backs. They have large tracts in the potash sweet spot of Sask. adjacent to producing mines. There will be updated resource etimates this summer and a pre-feasibility study engaged in late 2008. Problem is the stock keeps running to fast. (C$4.75 end of March 08 - now C$ 9) Estimated NAV is presently C$ 9.50 to C$ 14 according to 'Genuity' and 'National Bank Financial'. Developing a mine as we all know takes 5-7 years and several billion $. They should have no problem finding a money partner or a suitor.