Will Cote Blanche mine stay above the flood if the Morganza Spillway is cranked open?
Not even close. The mine is located on a bluff. Hurricanes have blown through that area without flooding the mine.I bought a start-up position today. $5 in cash. Reasonable debt to equity. Great cash flow (NPV > $100/share). Attractive segments, salt and fertilizer. Looking to add on further weakness.