blase could you please repost about morocco, page-21

Ash, if you flick through that prospectus, you will note they are going to helicopter the geology team in their due to the position etc. Whilst the place is sort of near the coast, it is going to be a big amount of dollars to prove up any resource and then develop. Rock Phosphate is a bulk commodity and requires a deep water port. You can't build your own on the cheap nor quickly. Ports also require lots of traffic to justify their costs. Pre existing infrastructure is a lot easier to utilise- MAK/LGDI. It is the first movers that will get to mine- Paladin/Fortescue. All those others struggle to get there.

MAK is definitely a first mover in terms of Rock Phosphate, all the other wannabes will struggle after an initial promise that this time it is different and boosted share price.