Friday, February 25, 2011

Now not time for potash royalty review: Boyd

Now not time for potash royalty review: Boyd

"To make it clear, the royalty increase I think in no way would jeopardize anything that was going on because the companies would be making more profit even with a royalty increase than they ever planned," he said in a Wednesday interview, pointing to the nearly $2.8 billion in PotashCorp earnings during the last two years.

"It would seem to me if you left them half that, let's say $1.4 billion over a twoyear period, there isn't a corporation in the world that would walk away from that type of return."

To be honest, this quote from Mr. Lingenfelter makes my skin crawl. Read the whole article.

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