It's a fair point Val but we are 30 years on. The efficiency and cost of beneficiation, smelting etc now is far ahead of those times.
You would (or should) know that low temperature heat treatment transforms phosphorus carrying minerals to enable leaching and therefor removal of a high proportion of the phosphorus, and in most cases reducing residual phosphorus levels to below 0.07 per cent and if required; an alkali leach is used, the levels of alumina and silica impurities can also be reduced. And I know there is more than phosphorus to consider but you get the point; The boys will be able to deal with it!
Through beneficiation you know a high premium price will still be achieved - When you weigh up the management in place, the infrastructure, the amount +500 now; if there were to be impurities, it would not affect investors as a cost of removing impurities as the company will save a fortune on infrastructure etc.
This is all foresight - wait till November - when the results are clearer, I think you might be pleasantly surprised...or not....but I will be happy! Sentiment: JUST BUY!
EIO Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
