Ann: Minbos Secures Site For Capanda Green Ammonia Project, page-224

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Merchant2000

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24/01/24

13:57

Post #: 72043696
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Originally posted by chuk: ↑

Very good news for MNB shareholders. I've posted a few times about the big disconnect between TSP prices and phosphate prices with the TSP price normally trading at a multiple of the phosphate price. That multiple averaged 3.54 over the last 20 years and a little higher over the last 60 years.
Last month it was only just over 1 suggesting a big rebound in the TSP price was very likely.
The latest numbers out of the World bank were just released showing the TSP price jumping 15% for August over the July price. The multiple is now at 1.3 which is still far too low suggesting much larger increases in the TSP price ahead. The TSP price is now back above the base case $422 per tonne and the yearly average price will be closer to $500/t. I'd expect over $500/t next year as well as the TSP price to phosphate price heads back to its average of 3.5 times. $500/t would give us an after tax NPV well above the A$317mill based on $422/t. Target would be well over 40cps with a NPV of A$410mill at a TSP price of $506/t. Just need that funding finished to realise the big potential.

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''Target would be well over 40cps with a NPV of A$410mill at a TSP price of $506/t. Just need that funding finished to realise the big potential.''

Thanks @chuk at 11c Funding is in ongoing talks with a charity service imo

MNB Price at posting: 7.7¢ Sentiment: None Disclosure: Not Held
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Ann: Minbos Secures Site For Capanda Green Ammonia Project, page-224

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Ann: Minbos Secures Site For Capanda Green Ammonia Project, page-224

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