The grade of P2O5 is far below 30%, too low!
The distance from site to rail, and rail to port are too far!
The cash only $1m with debt $3m, crazy for exploration company.
The only advantage is resource is good size, but compare to other mines in the world, the size of Wonarah project is in the middle.
If there isn't any new major investors come on board, no hope to Wonarah project because it looks like only a little economical efficiency. This why Wonarah project was put on hold for more than 10 years.
Anyway, good luck to all holders!
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