dap up to $450 and rising

DAP stood at $280 per tonne FOB Tampa in October. Reports are now filtering in of DAP at $450 per tonne. At these prices MAK's potential mining product -Rock Phosphate- will be valued at $US150-$200 per tonne FOB. This puts the profit for a 1MT operation in the first year at $50-$100mil on a trucking operation of $70 Aus per tonne to port, $15 loading, a potential Royalty of $10 for TOs and $20 for admin etc, with currency exchange at estimated 90c US/AUD.

MAK is to commence mining on its plans in June/July this year.

Sources for DAP - Fertilizer Week put out by crugroup.com

"Bullish sentiment among phosphate suppliers on improved demand globally has seen offers reach the $450/mt FOB mark in recent days"
"Bagfas has reportedly sold 25,000 mt DAP in the mid $450s/mt FOB for March shipment"
"EuroChem is sold out for January. The producer will cut back on production end January/early February owing to feedstock shortages."
"OCP has yet to formulate its price ideas on DAP/MAP/TSP for February business."--The Moroccans are a big influence on the price setting mechanism for phosphate fertilizer
"CF Industries most recent price list for shipments January 19-22 includes DAP at $390/st FOB Central Florida. " The equivalent metric tonne price would be $430.