silver play?, page-14

I ain't complaining and remain bullish on Rock Phosphate price and CNL.

Compared to other commodities RP is still at historical lows. Add world food shortages and declining Rock Phosphate deposits then CNL is a no brainer.

Margins at current price are $160 a tonne and if we ever reach historic highs or surpass them as Dunndee Securities predicts then CNL will become a show stopper.

CBA buying is a major headline for CNL although I would be happier if the 200 share bids disappear i can snaffle a few more.

CNL acquired the project with RP prices being at $90 a tonne and we are currently at $197.5 and rising.

In is plausible that this seemingly small initial stake 37.5% could turn into a Gold Mine for all shareholders.

One negative incident pertaining to food supply or rock phosphate shortages could propel CNL into a diffrent stratosphere.

You have got to ask the question why is CBA buying?

Would love to participate in BAC IPO but funding issues are tight.