That's bloody brilliant. A great way to mitigate the risk of a declining MOP price. SOP is such a valuable product and trades at a significant premium so this will add a tremendous amount of value to the operation. I'm guessing they wont stop at 500ktpa either. If they have the ability to increase SOP production, they will.
I knew SOP was in the pipeline but didn't really expect it to be 500ktpa. As Muga is 100% owned by HFR, that 500ktpa is greater than the 50% owned 800ktpa (Phase 2) DNK production in Eritrea which until now was the most compelling potash investment.
The mining licence can't come soon enough. This will absolutely fly when it's approved. And it will be approved.
Ann: Highfield Completes Positive SOP Project Scoping Study-HFR.AX, page-2
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