Another great announcement, sp shoot up! Phosphate discovered off the coast, under the sea. UCL market cap 13 million, have bought the rights to mine phosphate under the sea. Why is this good news?
MAK has loads of the stuff, so does MNM and STB may finally get it's hands on the paper work to claim it has too. The problem seems to be not finding the stuff but building a mine while prices are high and selling the stuff. It's a bit like iron ore in the Pilbara. It's all over the place, but only a few companies can ship it and sell it. Does anyone think that UCL will do this?
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