Your view is ill informed and misleading. Rock Phosphate prices are calculated in US$. RP is currently $157.50US per tonne. Worst case scenario for Wonarah based on 2008 fuel prices is $150 aussie dollars. With exchange rates at 65-69 Us cents per Aussie dollar there is plenty of profit at current prices for Wonarah, especially with the very low RP prices. Wonarah doesn't need a rail link in the first 3-4 years, trucking will do just fine, especially with the projected profits on 3million tonnes, produced from next year.
Whats the cost of a beneficiation plant mate. They aint cheap, nor off the shelf at Bunnings.
UCL Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held
