Ann: UCL: Sandpiper Phosphate Resource Upgrade , page-8

re: Ann: UCL: Sandpiper Phosphate Resource Up... The question you have to ask yourself is do you as a shareholder want to see more large capital raisings and a stagnant share price for months and months and months? Because if you think we can develop two deposits here without any cashflow then you may be kidding yourself a little. I would rather see all raised money go to Wonarah and we would have NMDC looking at an advanced phosphate prospect, maybe even with a little infrastructure, rather than a pure resource.

It takes a billion dollars to build DAP capacity ... DSO rock is a model very vulnerable to price fluctuations.