If you don't know what you are talking about, or haven't completed any research then please don't comment; you come across looking a bit silly.
Phoslock is currently being sold at $3-3500 a tonne. We have been informed that the factory has just been upgraded to produce 15000t per year and that work is underway to make it 20000t... Using some simple maths and half a brain cell, this places a value on the production of Phoslock at $60 to $70 million!
The planning for a second factory has been referenced by the company in recent reports, I am not going to dig this up for you.
I just can't see why the company would be increasing production rates or planning a second factory if we are not ready for something significantly big?!
DYOR but from what I can see, from what I believe to be simple reading between the lines, things look very, very bright.
PET Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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