"If One compares the phosphate situation to that of iron ore and how the price collapsed but is recovering, well that gives me hope."
52,I think your looking at it the right way,Like I said, I quizzed Andrew on the transportation numbers from the mine to the port,he confirmed to me that the numbers stacked up,he went to a transport company in Darwin a trucking company(I wont mention their name), and some company in Melbourne(which Ive forgotten),but I think they are number crunchers. I was talking to him about the massive triple D's and more at Tanami gold,they move over 500 tonne at a time. Andrew said its a "very small operation",four truck movements a day from memory,no need for a massive ramp up or the like,with circa $14 million profit,at the end of the day,the actual digging and screening costs are buggar all. We just need to get to this point(easier said than done I know) Lets trust the Phosphate DSO price holds up.
Off the back of my beer coaster,currently Im about $6,800 down,but not out,not yet on this investment,not yet by any stretch of the imagination.
Raider
NUP Price at posting:
1.7¢ Sentiment: None Disclosure: Held
