Valuation, page-19

  1. 3,487 Posts.
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    IPL fertiliser business includes a wet acid plant at phosphate hill which would cost $3 bn to build brand new. Refer verdant minerals.

    IPL and CXM aren’t comparable at all.

    best you could hope for is a skinny margin on rock phosphate with a macro trend away from Morocco on the basis that western business are forced to pay a premium on western supplied phosphate or tariffs to that effect.
 
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Mkt cap ! $14.74M
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