Ann: Presentation To Shareholders - Darwin 27 Se, page-4

re: Ann: Presentation To Shareholders - Darw... Good to see they think they can get it to port for under $100/t. Don't know how they think they will end up cheaper/same as a RUM DSO operation considering they have to truck 50% further to rail? RUM says $75 FOB.

There is probably only room for 1 phosphate player when they are on top of each other like RUM/NUP. As far as I can see NUP offers no real benefits over RUM and RUM is 40km closer to rail and better capitalized.

I don't hold any Australian based phosphate hopefuls but was looking at TSX listed Stata minerals this morning. They have picked up a property only 35km from the coast/80km to a port in WA. Will be interesting watching them as they delineate a resource because they will have the biggest logistical advantage of all the Australian plays.