If it is a Chinese state-owned company to buy out WPX, my guess the price could be $1.5-$2.00. The main purpose of Chinese state-owned company is to help the Chinese government to realize the its national strategy not the profit. In other words, they will use WPX to put pressure on Capotex to reduce the potash price so they can benefit from it. China needs to import about 10 million tons of potash every year. If they can force potash price down $100/ton by developing WPX resource, they can save $1 billion per year. That's what they want. They don't care buy-out WPX at $200M or $400M. Comparing to their $2000 billion foreign reserve, it is just a peanut.