World bank has RP prices up at $140. It has been $125 since April this year.
World Bank DAP prices rising from $496 to $575 in 2 months. This has been a steady rise from $316 this time last year.
MAK is looking to mine Rock Phosphate which is a precursor to DAP (a phosphate fertilizer). The price out of Darwin was profitable at $125, it is looking better now even with the changes in the Aussie Dollar.
MAK is waiting on funding agreements from Verte and is ticking boxes to complete the mining set up out of Wonarah. Management stated their aim is to mine in 12 months in the Annual Report. While people will note that MAK wanted to mine in July, the only thing left is a mine management plan to be approved by the NT govt, final signatures with the TO's and then the funding issue. Once funding is sorted, the mine is a goer.
fertilizer prices rise. mak stands to gain
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