OK lets all put money in for the FNA seed capital

[Hopperbin]

What do all us care about what about have done this or didn't do that. This deal is all about this is where its at and Someone ****s up really sucks to be them.

[Hopperbin]

I guess someone can take this as a threat and all the power to them. Been there done that. In the end if there is not 4000 seed shares and only 1000 i am going to be very pissed. Us seed shareholders are here for the long haul in my opinion who ever the **** you guys are. And I think this is supposed to happen fast like this spring. This is my thinking and I will be pissed and very pissed if things do not happen as things are supposed to be ahead of schedule.

[dave4441]

This is why I try not to drink and post anymore!

[bobofthenorth]

>Kathy Mathers, vice president of >public affairs for The Fertilizer >Institute, said the cost of natural >gas represents 70 percent to 90 >percent of the cost of producing >nitrogen. Natural gas is the heat >source in the chemical process that >produces nitrogen.

Its more than the heat source - its the source of the 3 H atoms that get bonded to every N atom in order to make NH3. And Kathy is right as far as she goes, natural gas is far and away the largest portion of the cost of making ammonia. Its the only required raw ingredient if you discount the air that is used as a nitrogen source.

What she may not have mentioned is that you can take the current cost of natural gas per mmbtu and multiply that by 30 or 35 to get a good idea of the cost of a tonne of NH3. You do the math and come back to tell us how little margin there is right now in the nitrogen fertilizer business.

I'm a big fan of increased nitrogen production in western Canada. If we could ever turn North America into a net exporter we'd all be better off (well not ALL - Agrium wouldn't be all that happy). But I don't think eff'n eh is likely to make it happen.