q report-sp, page-3

no need to apologize TC, you summed up very well IMHO what those of us who have not gone crackers over the recent SP action are thinking. we were hanging round under current levels for quite a bit last year.

you are spot on, more upside than down and if morocco try their old tricks again this year with the rising DAP prices (i believe they will, remember when RP was selling for more than DAP after conversion) then it wont take much to get us to the $A150/t level and some offtakes.

MAK really is in the box seat here if RP nudges that little bit further (if it haan't already, you all know my stance on world bank figures and the lack of disclosure in the RP industry). if you dont want to stick around then by all means sell and find something else.

if nothing else these are interesting times.