I am not really concerned with ticks here
If you believe in the ag boom I don't see how this could possibly be uneconomic.
I know its not dodgey because Rio have already done drill work and NPV analysis on it before. Their conclusion:
"A much larger tonnage of shallow, high grade material is required for the project to be NPV positive at current DAP fertiliser prices. Should DAP fertiliser prices improve substantially from current historical lows, the economics will change, Rio Tinto said in a statement."
26-Aug-2002
http://www.ferret.com.au/n/Wonarah-phosphate-deposit-NPV-negative-n693984
Obviously we have seen this price increase, but the market is being forecast to become even tighter than now. An ag boom unprecedented in man kind. We could see phosphate prices at $400/t. With the quick start up and low capex that MAK will have they would be able to capitalise on this too.
I am starting to appreciate the long term perspective a lot more here...
I am not really concerned with ticks hereIf you believe in the...
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