phospate inferred resource of 170mt at 16pc

Thought I might try a little ramping:
From the company's (MET) prospectus:

"The D-Tree West Project comprises a single
tenement application (ePMA 15763) located
120km north-north-west of Mount Isa. The
tenement overlies the western portion of the
D-Tree phosphate deposit discovered by IMC
Development Corporation (IMC) in the mid 1960s.
Phosphate mineralisation is hosted within Cambrian
age sediments of the Beetle Creek Formation which
outcrop along the western edge of the Georgina
Basin, a major sedimentary basin that hosts Australia’s
most economically significant phosphate deposits.
The D-Tree deposit was subject to extensive
technical studies in the 1960s and 1970s including
the completion of 148 drill holes by IMC over the
entire deposit (approximately 50% of which is
outside the Company’s tenement).
An Inferred Resource of 170Mt @ 16% P
2O5 has
been defined within the Company’s tenement
based on a reassessment of the historical IMC data
(refer Independent Geologist’s Report – Section 4).
The phosphate mineralised horizon extends
for a strike length in excess of 15km within the
project area (Figure 10).
The phosphate horizon is yet to be fully closed off
and potential exists to extend the resource base to
the west through additional drilling.
Rock phosphate prices have increased substantially
over the past two years and significant phosphate
deposits discovered in the past, such as D-Tree, are
now receiving detailed re-assessment (Figure 9).
EPMA 15763 overlaps the Gregory Wild River
area under the Gregory Wild River Declaration
2007 (GWRD) and as a result, the conducting of
mining and exploration activities on that tenement
(if granted) will be limited by restrictions placed
under the GWRD. For further details, refer to the
Independent Report on Tenements – Section 5 and
Risk Factors – Section 7.
The Company’s initial focus at D-Tree West will
be to assess the total phosphate resource
potential within the project area (including step-
out exploratory drilling upon tenement grant)
and review commercial opportunities. "