MAK gave the reason for the BON T/O as establishing a worldwide phos company, grandious thoughts for a minnow i thought at the time, the real reason I am guessing is that MAK have admitted to themselves that RP prices will be substancialy down in the near future and the Wonarah will be uneconimic or at best marginal for some time to come, and that is with DSO...how to survive was the question and one way was to get some lower opex Phos which is where BON come in, I would not be too surprised if the focus shifted away from Wonarah if the RP prices remain low, which appears very likely.
AEV Price at posting:
51.2¢ Sentiment: None Disclosure: Not Held
