Its at US$147.50/t currently - which gives a margin of $17.50/t which is $14mill per year. And that's when prices are at ALL TIME HIGHS.
Currently in a favorable market - but the price of rock phosphate has an average of US$54/t over the past 20 years. So unfeasible when the market is in a down turn, that's why they haven't done anything with the project in years.
Good luck investors.
Ann: Term Sheet Signed with Samsung C&T Corporation, page-47
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