Ann: Quarterly Activities Report & Appendix 5B, page-7

https://www.bloomberg.com/news/articles/2021-04-26/crop-prices-on-a-roll-as-soybeans-rocket-to-highest-since-2013

With crop prices across the board skyrocketing, cost of DAP skyrocketing, we can anticipate phosphate rock doing the same, albeit with a 4-6 month delay.

The agricultural boom started gathering pace 6 months ago, we have already seen great rises in rock phosphate prices. Will be very interested to see how this plays out, we have the management we need, production ready to go, no real threat of bankruptcy yet.

Still a bit of a gamble on external factors - rock phosphate prices and supply, but I'm all in, the stars look to be aligning for CXM.