MNB minbos resources limited

Ann: Trading Halt, page-134

  1. 4,530 Posts.
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    To those suggesting we should just concentrate on the Phosphate project & put GA on the back burner, I think that’s very short sighted thinking.


    We already have a MOU with Talus for BOO (no capex cost) GA. Before we go down that path, we’ll need to do studies into demand, costs to further process into MAP, DAP, Urea etc which would eventually require a DFS. This is a lengthy process and for the sake of a small investment now, will have us ready to implement such a project after we have the Phosphate up & running. Remember Nitrogen doesn’t work without the phosphate so the phosphate comes first. It’s also puts us in a good position with first mover advantage.


 
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