Ann: Ammaroo Phosphate JV , page-10

  1. 1,943 Posts.
    RUM gets a mention in the Australian from Robin Bromby today.

    Fertile ground.

    AND, to finish, the third member of the resource boom troika: the fertiliser minerals.

    UBS has upgraded its ratings on the three big North American potash and phosphate producers.

    Locally, Rum Jungle Resources (RUM) has announced what it calls a "huge" phosphate find near Barrow Creek in the NT. Nine holes returned assays up to 30.2 per cent -- and the phosphate starts just 3m from surface. Rum is earning a 70 per cent interest from Aragon Resources (AAG).

    And Minbos Resources (MNB) jumped 23 per cent after CPS Securities sent out a very bullish note, saying this newcomer with its projects in Democratic Republic of Congo and Angola is a "potentially world class phosphate" play.

    We noticed that Elemental Minerals (ELM), with its potash in the other Congo, put on quite a spurt last week without any news.

    http://www.theaustralian.com.au/business/opinion/a-sellers-market-as-zircon-turns-the-tiles/story-e6frg9if-1225969790747
 
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