Regarding Wonarah, when I spoke today to MAK about the 1.95B tonnes, they gave the metaphor of mining salt from the sea and we cannot assume that readily.
MAK are focused on the main zone, the most intensely drilled to date, there were JORC compliant estimates of between 72 and 115 Mt at 22-23% P205.
In my opinion, this is easily has a 10 year mine life and this is the type of economic scenario to assume,producing 2M tonnes of saleable phosphate a year.
MAK also mentioned another high grade area that RIO has just started drilling before they abandoned the project; that they need to starting exploring this.
doubling share price announcement, page-45
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