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Ann: Offtake Agreement with Angola's Largest Food Aggregator, page-121

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Timdonny

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21/07/23

14:37

Post #: 68911837
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Originally posted by Timdonny: ↑

Great find rob. Love it. That's exactly what it looks like. It looks like based on information the company has given that the cornerstone will provide the 25 Million USD of funding and I wouldn't be surprised when that happens that they may have in the announcement something about the plant for doubling capacity in the near future. What that date would be is yet to be seen. The cornerstone is here for 1 main reason and that is it. The Chinese are very forward thinking and will be keen to get this moving. All our phosphate waste/lower grade will phosphate will be bagged and sent to China until the P4 plant is designed and built on our site at Cabinda. What sort of price will we get for our waste phosphate? who knows for now. Maybe 100 $ USD a tonne ? It's a lot of cash when it's at 187500 tonnes a year. on top of the 29% Phosphate for farmers at TSP rates.
Looking forward to seeing this development.
I also feel this upgrade to the plant will be first to happen amongst the other projects planned

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On closer examination of this photo. That definitely is a sample bag clearly for P4 assessment.

MNB Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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