ann out, page-7

Hi Herbert,

I thought they did, at least indirectly in the following:

from the ann.

"Rock phosphate prices have risen exponentially over the past year, due to unprecedented global demand for fertilisers; for example, Moroccan rock phosphate prices have risen from around US$50/t to US$350/t over this period.

Legend plans to transport 4 – 5 million tonnes per year of
concentrated rock phosphate slurry via a 300 km pipeline from its Lady Annie project to the port of Karumba facility in the Gulf of Carpentaria."

My calcs suggest that's about 1.5 billion $ a year. Don't GCR have a 20% interest in that output? Doesn't that equate to 315 million $ a year? Or is their interest less than that. Correct me if I'm wrong.


Cheers