Fertilizer crisis fueling food inflation, page-3

Verdant with the Ammaroo resource in the NT was taken over for $40Mill when the phosphate price was around $100.

Ammaroo has a resource of 1.145 Bt @ 14.26% P2O5 including 348 Mt @ 18% P2O5

The fertiliser price is now 50% higher at $150 with no signs of slowing and AEV's Wonarah also in the NT has a resource of 842 Mt @ 18.1% P2O5 including 5.3 Mt @ 30% P2O5 (Main Zone) and 4.4 Mt @ 30% P2O5 (Arruwurra)

So overall phosphate content is the same but AEV has a higher grade. Seems like this is still undervalued. A takeover could well and truly transform this company. Its only a matter of time until this phosphate project gets developed given the current squeeze on fertilisers and food prices.