where art thou cliff?, page-29

WHy JDC? repeat from earlier in the thread. See below.

http://www.jdcphosphate.com/

"demonstration plant designed to produce 12000 ton per year of phosphoric acid and 70000 tons per year of aggregate. "

Minemakers is focused on the production of high-value SPA at Wonarah utilising IHP technology.
Minemakers owns 3.3% of JDCP and has the exclusive right to utilise IHP in Australia.
In summary, IHP entails:
? Mining
? Beneficiation to 15-20% P2
O5
? Grinding with raw petroleum coke and silica
? Pelletisation
? Roasting in a ported rotary kiln
? Delivery of a phosphorus rich gas
? Hydration process
? Superphosphoric acid production at a contained ±70% P2
O5 – a very high nutrient product
? Co-product is a low environmental impact and usable inert spent pellets (see below)
The process produces inert pellets as a co-product, which JDCP has named J-ROX. Whilst J-ROX
has demonstrated suitability as an aggregate in many applications, Wonarah’s distance from major
metropolitan centres indicates the likelihood of this co-product having real commercial value

* Much of the benefit to MAK is the JDC process can be built in smaller modules, that is start off with a capital expenditure programme of ~$300 mil (Instead of $2.5 billion for WAP)
* A plus and minus, near Wonarah is not a bad place to build a plant.
* The other guys already have perfectly serviceable plants using the wet process (if they did get JDC up and running all of the smaller Phosphate deposits around the world would become more attractive and devalue the sunk cost the big boys already had in mines and equipment)
* JDC has co. investors with Mitsui, Vulcan and local Florida money (Florida want to be able to add value to their phosphate deposits that have become uneconomic), MAK is only a small investor.