#2 Digging for Dollars: Canada Potash Make-or-Break & The Craziest News Sequence in Mining

I think, I think you have to be long Canadian potash, and I think we, we bring up this topic 'cause it has been in the news.

Trump again, uh, he's not happy with the prices that I guess our conglomerates are providing, and he's off to Eastern Europe, Belarus, saying that they can provide them with cheaper pricing and the, uh, and then, uh, them coming back saying that they don't have the supply [laughs] to, to give the United States.

Um, maybe they can give initial cheaper pricing, but they're a landlocked country.

What's the-

I-

When it's all said and done, what's the price when it's delivered to, uh, United States?

And I think this make for Canada potash, clear make, right? So it's like all that's happened is that Trump has signaled how important potash is.

Can you...

I had to go look at a map, and I'm like, "All right, so this country allied with, with Russia is going to supply potash on a rail line, get into, like, the Baltic Sea, ship it across the world to the US, and what, like the Trump administration is gonna distribute it to all the farmers in North America, in the northern portion that get it directly from Saskatchewan?" Like, I feel like the make here for me is the make in the resource sector, where there's just this disconnect of reality and, and what you can just say.

Like, "Oh, we'll just add copper.

We'll just add potash." It doesn't work like that, right? And I think that that's where I feel our space is maybe lacking is storytelling.

I don't know what it is, but I feel like that's the opportunity, um, and maybe why everyone feels so undervalued.

But definite big make on Can- [laughs] Canada potash.

And then, and then it's like, you know, it, it just, it just establishes again another resource that is critical that you need in the world that maybe hasn't moved up.

Yeah.

I think he, he didn't want to, but he highlights how important Canadian potash is to the American economy, where we supply 80%, um, of their potash, and we have direct rail lines going down to the States.

[laughs] So it doesn't matter how much infrastructure would they have to rebuild to find another source when it's all said and done.

Yeah, do- doable things.

Mm-hmm.

Mm-hmm.Right? Like it's, it's, it's a world that's moving so quickly right now, and we all know it for the first time, I think, in a long time where resources are important.

But, you know, we try to compare apples to apples to everything, and it... and, and just saying you get potash from one place or potash from another, or you're saying you're gonna get copper from one place.

Like the Strait of Hormuz highlighted one thing really well, which is, you know, political stability and, like, where you're getting things, you pay a premium.

It's better.

That, like, the, the guarantee of supply is what matters, right? And so I think that, you know, as we move into our, our, our segments on deals, like it's really important where you are.

It really matters.

I think, I think you have to be long Canadian potash, and I think we, we bring up this topic 'cause it has been in the news.

Trump again, uh, he's not happy with the prices that I guess our conglomerates are providing, and he's off to Eastern Europe, Belarus, saying that they can provide them with cheaper pricing and the, uh, and then, uh, them coming back saying that they don't have the supply [laughs] to, to give the United States.

Um, maybe they can give initial cheaper pricing, but they're a landlocked country.

What's the-

I-

When it's all said and done, what's the price when it's delivered to, uh, United States?

And I think this make for Canada potash, clear make, right? So it's like all that's happened is that Trump has signaled how important potash is.

Can you...

I had to go look at a map, and I'm like, "All right, so this country allied with, with Russia is going to supply potash on a rail line, get into, like, the Baltic Sea, ship it across the world to the US, and what, like the Trump administration is gonna distribute it to all the farmers in North America, in the northern portion that get it directly from Saskatchewan?" Like, I feel like the make here for me is the make in the resource sector, where there's just this disconnect of reality and, and what you can just say.

Like, "Oh, we'll just add copper.

We'll just add potash." It doesn't work like that, right? And I think that that's where I feel our space is maybe lacking is storytelling.

I don't know what it is, but I feel like that's the opportunity, um, and maybe why everyone feels so undervalued.

But definite big make on Can- [laughs] Canada potash.

And then, and then it's like, you know, it, it just, it just establishes again another resource that is critical that you need in the world that maybe hasn't moved up.

Yeah.

I think he, he didn't want to, but he highlights how important Canadian potash is to the American economy, where we supply 80%, um, of their potash, and we have direct rail lines going down to the States.

[laughs] So it doesn't matter how much infrastructure would they have to rebuild to find another source when it's all said and done.

Yeah, do- doable things.

Mm-hmm.

Mm-hmm.Right? Like it's, it's, it's a world that's moving so quickly right now, and we all know it for the first time, I think, in a long time where resources are important.

But, you know, we try to compare apples to apples to everything, and it... and, and just saying you get potash from one place or potash from another, or you're saying you're gonna get copper from one place.

Like the Strait of Hormuz highlighted one thing really well, which is, you know, political stability and, like, where you're getting things, you pay a premium.

It's better.

That, like, the, the guarantee of supply is what matters, right? And so I think that, you know, as we move into our, our, our segments on deals, like it's really important where you are.

It really matters.