Resource is US $200 at 1.95 billion tonnes at 14.4% as estimated by RIO Tinto in the past. That is only a partial estimate. With a resource valued at over $50 billion dollars a market cap of 15 million is a little low.
At US$50 it was uneconomic but the Adelaide-Darwin railhead changes the profitability and the increased price of phosphate. Rio offloaded this as the numbers didn't add up but retained a 10% clawback if it proved to be viable! They kept that as insurance (smart fellows).
doubling share price announcement, page-3
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Mkt cap ! $11.74M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.567K | 313.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7412995 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7812646 | 11 |
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