"King of the domestic phosphate and potash exploration...

"King of the domestic phosphate and potash exploration jungle"..... ok, so we had to pay them to say that so it can count as a little roar.
OctaPhillip 12 page report 27/11/12 on RUM's home page.

includes

Upcoming Catalysts over coming 12 months.
· Scoping study to develop viable processing route for both phosphate and potash deposits.
· New phosphate opportunities in Barrow Creek area.
· Ongoing exploration updates and resource updates.
Investment Thesis.
· The opportunity to develop significant resources of both
phosphate and potash for export to key global markets .
· An independent and low cost entry into the fertiliser sector with proven processes and existing logistics infrastructure.
Risks.
· This is a very high risk, early stage exploration investment.
· Commodity Price of phosphate rock and potash
feedstocks fluctuate.
· Risks of cost increases after further development and
scoping studies.
Recommendation
· We are positive on the low cost Phosphate and Potash
resources which RUM own and operate.
· At this early stage of meeting the management team, I start with a Hold recommendation.

me too Paul, i'll hold.