I recently raised the issue of falling phosphate prices in the other thread.
the price per tonne is about $230 AUD.. the op cost they can reach is between 160 - 180 aud as per the qtrly report. then u have shipping and other overhead cost on top of it. So i see a razor thin margin at full production.
I have been keenly watching this but not yet ready to jump until the phosphate prices increase.
any thoughts?
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