This company has experienced more delays than suggested by its overly optimistic timelines allowed, however, through many years of field trials it has proven its product to be a simple, high margin, lower cost local fertiliser that will be readily available for local farmers, also with a very low upfront and ongoing cost of capital of only US$40mill upfront plus around US$4mill for stage 2. US$16mill has already been expended. The company has secured mining rights, delivered a DFS, paid for and received long lead plant components, secured the processing site, signed a binding MOU for the majority of its output and received credit approval for the IDC loan. They have also secured incredibly low cost electricity rights and a site for a compelling green ammonia project which Stamicarbon considers to be the lowest cost proposed project in the world.
A lot of posts here by non holders seem to suggest that the company is spending money with nothing to show for it. The company is one step from starting construction and is currently working on securing that last part of the funding.
