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2.7¢ fertoz limited

Ann: Fertoz signs, 2,000 tonne rock phosphate, sales agreement, page-5

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Amused observer

12,161 Posts.

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26/02/16

08:21

Post #: 17121401
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Originally posted by wirapundi ↑

Agreed AO. Like you say, pretty much any progress is better than what Fertoz have delivered over the past 12 months.

What makes you say USD $100? Not even making a gross profit at that rate.

But I actually don’t understand how they can make this announcement without any details on price. Surely its included (in fact central) to the agreement… Therefore its material to include. So what gives?

Either way, it probably doesn’t bode well for it being a promising number. The scoping study quoted CAD $250… In the absence of any other guidance, I expect it to me significantly lower than that.

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I am not close to the current market prices for Rock Phosphate but just had a quick looked at the Morocco price - http://www.infomine.com/investment/metal-prices/phosphate-rock/all/. When the scoping study was done it was probably closer to $CAD250.

Given the last three announcements I think they are gearing up and getting organised. Would I like to see more progress with better scale? Yes but for now it is one step at a time.

This is a very low liquidity stock so those that do hold are not trading which says something.

FTZ Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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