Stage one is 50ktpa of 150ktpa (33%) is MOP converted whilst stage two its 100k of the additional 150kpta is MOP converted (66%). As such, 50% of the full project will be MOP converted. With the SPO/MOP spread at record levels it makes it a little uneasy that half the project and a lot of the good economics of the project a reliant on a pricing spread factor on top of the typical opex spread. The main saving grace is that SOP is a tight market (for now) and the full freight Manheim process has a marginal cost of USD450 to USD500 per tonne.
I aim to ask the company myself but can anyone clarify the excess sulphate aspect of the SOP production cycle?
APC Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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