ICG inca minerals limited

Allens. "Phosphate won't bring the share price back its nice...

  1. 8,520 Posts.
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    Allens.

    "Phosphate won't bring the share price back its nice that it may be there but only a copper & gold style deposit will do. It may attract added attention to majors for a JV for the frewenas but nothing more."

    I think you are wrong regarding phosphate.

    I don't care if we mine fairy floss as long as it brings in money and pays the bills.

    It is there for sure!
    There is no proof that there is a payable amount of copper or any other glamour mineral.

    The phosphate would pay the exploration bills without the need for a CR.

    Once the employee situation is resolved ( removal of dead wood ) there is no reason we cannot get the phosphate looking for the copper and gold.
    This would be a dream situation in my opinion.

    Lockitt
 
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