Ann: Cabinda Phosphate Finance and Sales Update, page-893

Good points corp. Chuk likes being conservative to avoid being accused of upramping. Which hasn’t really worked out for him

But going straight to stage 2 will double plant capacity to over 240,000tpa. I would assume sales to hit 240,000tpa before year 3.

I know, and it has been stated, that as plant output increases, input costs significantly decrease. Although I can’t remember the specifics of this. Will get back to you. I recall redbaron posted something on this not long ago.

Also, the NPV published in the DFS didn’t take into account the reduced transport costs of our new plant site. From memory trucking distance from mine to plant has halved from 76km to 36km. Distance from plant to port has also halved from 28km to 12km?