Ann: Excellent Fertiliser Testwork Results , page-3

Am very confident of these projects proceeding, after again having contact today with Chairman Peter Richards.

What will happen here (my words)....in terms of the share price, ultimate notoriety of the stock and where it will sit amoungst other Aussie mining companies.....will really surprise in my view.

Minbos has control of the whole 120km Congo basin, high grade phospahte deposit. What was said:
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http://allafrica.com/stories/201109281144.html

Luanda — Phosphate reserves discovered in the northern Cabinda Province are estimated at about 240.0 million tonnes, says the national director of Mining, Kavungo Marconi, ANGOP has learnt.

He said that Angola's phosphate reserves by 2015 will be compared to those ones of Morocco and Senegal.
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Where Minbos sits in its objective to become a direct ship phosphate mining company, may not be fully understood by the market.

There are no other phosphate OPERATIONAL listed pure play, DSO phosphate mining operations in Aust.....I also don't think direct ship only,is conducted by any listed Canadian or US companies.


Mostly US, Russian, Canadian phosphate companys are large
vertically integrated producers of phosphate rock, phosphoric acid and granular fertiliser.

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Sure there maybe up to 15 or 20 would be start up smaller phosphate companies, around the world.....mostly claiming to have a deposit suitable for direct ship. Big question marks hang over these projects.....eg remote locations, underwater operational/environmental issues, already at capacity rail networks, underground mining costs and even the need for much more expensive flotation benefication works, prior to any export mining.

Many of these companies are quick to provide comparisions with their peers.

.......( Minbos in the mix as well, problem is they are all start ups because there are no current DSO, outside of Egypt, Algeria, Senegal, Tunisia. - as mentioned previously)

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Minbos will export rock phosphate around the world to upstream producers, who do not have their own mines. A phospahte acid is produced from the rock, which then is used to make MAP or DAP phosphate fertilizer. (Any presure on pricing, due to middle east ramp up...in a few years time,may come at this higher margin,end product level...talk about that another time)

Minbos will therefore compete with medium grade Moroccan and Senegal rock phosphate mines....and lower grade ores from Eqypt and smaller consortium type operations around the world....who may or may not engage in more expensive to produce, usually on site benefication.

Morocco price per ton US$185 ....Minbos higher grade than this benckmark US$220.
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Point of all this is here.....Minbos is in a unique position whereby firstly - in will become an operational
direct ship mine, AND with a product that is higher grade than the industry standard (Morocco phosphate).

Success and all the work involved in getting into production, that wonderful near coastal geographic location ....will result in exponential profits, for the reasons explained. Degree of uniquness not truely appreciated by investors here.

Minbos deposit and proposed supply is 2mtpa.....look for a partner who will secure this supply,to build a phosphate plant. (such as to produce MAP. DAP)