rock phosphate rises to $110 us fob morrocco, page-15

Regarding the MEOB offshore asset acquired through BON , I contacted the Brokers who did a detailed review of MAK back in February and they have ascribed a =nil= value to the permit , citing difficulties ahead in dredging . They believe that the critical areas are 1) the size of the DSO deposit at Wonorah and 2) , the RP price . They cannot see it going much outside the $ US 110 - $ US 140 range within the next 12 months . These guys are supposed to be expert industry analysts so I guess their opinions have to be given some weight . They will update their prognoses when the Wonarah scoping is complete , but their overall tone was , I'm afraid , negative .