Fertilizer crisis fueling food inflation, page-7

It’s not simple linear arithmetic my friend. If Ammaroo is profitable at a phosphate price of $100/mt and by extension you assume Wonarah would also be profitable at $100/mt, then any increase in the phosphate price would be additional profit. Costs would be fixed so even if the phosphate price increases, the costs don’t. So if you calculate $50/mt profit to Wonarahs resource then the mind does boggles.

I don’t think this management is capable of realising this value but that doesn’t mean the in ground value isn’t significant. Could easily get a takeover at these low price. I just hope management have the balls to hold off any low ball offers.