Interesting to see that $45,000 dump today, with the activities...

Interesting to see that $45,000 dump today, with the activities report coming out tomorrow. on the other hand, im glad my 200k at 12c finally went through


Article in the Australia today.. This company and many others like RUM have nothing on MAK. Its a joke.

Phosphate play set to rock and roll

by:FLOAT WATCH: Tim Morris
From:The Australian
July 30, 201312:00AM

FERTOZ LIMITED
ASX CODE: FTZ
SHARES ON OFFER: 20m
LISTING PRICE: 20c
MARKET CAPITALISATION: $9m
LISTING DATE: August 14th


AUSTRALIA is a minor player in the $30 billion global phosphate rock market. National production of the commodity meets domestic needs and, with less than 0.5 per cent of world reserves, exports are modest.

As China is largely self-sufficient in this commodity, only 15 per cent of global production is exported.

By comparison, seaborne trade accounts for half the iron ore industry.

Major stakeholders in the international phosphate trade include Morocco, India and the US. Morocco accounts for a third of world exports, while India and the US together represent a similar level of importing market share.

The US became a net importer of phosphate rock in 2002 and is set to be joined by neighbouring Canada when its sole operating mine closes this year.

The mine closure is expected to lift North America's net imports of phosphate rock by up to 30 per cent.

While Morocco supplies almost 90 per cent of the region's import needs, security of supply could become an issue.

The Moroccan government intends to develop its upstream manufacturing industries -- a structural shift that could reduce available exports of the raw commodity and increase the value of alternative feedstock.

Supported by a portfolio of exploration properties in Canada, the coming listing of Fertoz aims to develop a continental solution for North America's fertiliser industry.

Focused on the Rocky Mountains of British Columbia, Fertoz has exploration properties that do not yet have certified resources but previous licence holders had a modicum of luck with phosphate occurrences.

At its Wapiti Project, Fertoz has identified a discontinuous 12km-long phosphate-bearing horizon. While narrow zones up to half a metre thick have been recorded with moderate grades (15-20 per cent P2O5), significant areas remain to be tested due to a lack of surface outcrop.

Scheduled drilling stands as the main growth catalyst. Management aims to delineate high-grade material capable of direct shipping without the need for onsite processing.

The risk profile is speculative and, while an unallocated free float could affect early performance, we favour management's record of generating value from undeveloped mineral assets.