Ann: Investor Presentation , page-7

Hi (RedTerritory)

I think the $96 you quoted looks like what NXR would receive p/t with a discount for high Phos at a long term outlook price of $120. Present price based on $140p/t we would get $116 p/t.
FOB price was $40 to $50p/t.With a higher volume of I think it is 5 mtpa it is more like 40 to $45p/t FOB.
With a 10mtpa it would be lower again.

Regards
Westcott.