They will be the first to talk to shareholders after the fertpocalypse unleashed by the low cost producer OAO Uralkali.
Intrepid is a very high cost producer (although not as high as Germany's K+S), $174 per ton cash cost as of the last earnings report.
In comparison Potash Corp. reported a cash cost of $US114 a tonne.
So why do I bring this up?
What if the whole thing is a bluff on Uralkali's part?
Uralkali brags that they are the lowest-cost producer ($65 tonne) and have the highest potash capacity so the announcements could be for real but what if it's just a negotiating ploy to hammer Belaruskali?
In that case you'd want the company most levered to realized prices.
Stay tuned.
