Yeah Neil - the recent IO negotiations seem to disprove your pricing assumption pretty much straight away. FMG hardly got priced out of the market did they? Wake up buddy!
Add to that the fact that HIGH GRADE phosphate isn't everywhere and you seem a fair way off the mark. Yes there's a crap load of phosphate around but how much of it is in the 20% plus range?
DYOR
Yeah Neil - the recent IO negotiations seem to disprove your...
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