re: Ann: MOU to Advance Investment and Fundin... Let the SP do the talking. More seem to like than dislike this announcement. RP on the move. Technically looks like a turnaround though did leave a gap.
At the end of the day you have to have a view on the likelihood this resource will be attractive to global players. And those global players are more interested in the potential to value add to TSP, DAP and/or MAP. There has been nil rationalisation in the phosphate sector which is surprising given the value at present out there.
Profiting purely from rock is a fairly simplistic way to view this story.
Ann: MOU to Advance Investment and Funding of Won, page-31
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