All true Maka, however management are working very hard on the sales side of things, so an offtake in time is not out of the question.
Phosphate prices are still climbing, Profercy has reported sales of DAP near $510 FOB Tampa and mid $490's FOB Nth Africa. Profercy has shown that DAP has broken through the 2007 consolidation area and trend line, can't publish that graph here due to copyright.
We definitely are highly leveraged to the rp price, and it's my observation that there's a lag between DAP prices and rock phosphate, partially due to opaque price reporting and what I see as a pull effect of fert prices on rock prices. Therefore I can see reasonable hope that MAKO will be in the money in time.
Interesting development indeed Twincreeks that they are now looking at Phosphoric acid. Enjoy your posts mate.
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