re: Ann: Wonarah Phosphate Positive Dry Kiln ...
Economics are getting better, dry kiln I believe is bigger and better news than we all think. From earlier ann.
"On 26 July 2010 Minemakers announced it had entered into an MOU with the Verte Group by which Asian loan funds will be targeted for the development of the Wonarah deposits to their full potential. With the JDC Agreements now signed, the targeted Asian strategic investors can be advised of the potential positive financial impact, in terms of operating and capital costs, of the utilisation of the dry kiln process at Wonarah as part of the development design mix"
Doesn't necessarily have to be a dry kiln OR Verte deal
This was also when when phosphoric acid was US$500/t, currently priced at US$920/t. Economics are improving significantly.
Like others here the thing that makes me a little nervous is "....gives an exciting alternative or parallel development option", we are being softened for something??!? I don't mind a change of mind or direction as alternatives come along, but want to see some sort of development plan that includes an investment from someone/anyone to production. Its no good to any of us to have the stuff sitting in the ground.
AEV Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
