Make no mistake, even if RWD's production plans are a long way from fruition, there IS a massive worldwide shortage of Phosphate which will not be resolved for many, many years, leading to current high prices.
To conserve its own resources, China has banned all exports and this will continue indefinitely.
Morocco has the worlds largest reserves, some of which lies in disputed territory. Unsure of how that situation will go but it will certainly catapult that third world nation into a brighter future.
RWD is sitting on a valuable resource, no doubt about it. Getting it processed and loaded and sold.....now that's the hard bit.
On my part, my own fear is dilution. Dr Ruane's other baby, ERL, is passing around the tin for money and I guess that's where RWD is eventually headed. Ruane seems very optimistic and doesn't seem to stop buying shares. He's either a genius or a fool, the former more likely than the latter. My own view is that he is well ahead of his time.
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