Fertilizer Prices Rocket to All Time High, page-561

Yes but it all comes down to a number of other factors as well.
E.g. LCK is ASX with its major asset in Australia but a lot of investors might not like the fact that it is using fossil fuels to make its fertilser even if it does claim net zero carbon. Some of that net zero carbon comes from buying carbon credits from others to offset its own emissions. I much prefer the green ammonia from hydro electricity that MNB offers and I don't have a problem with the location being in Angola because the cost of that green electricity is an incredibly low 10% of the cost here. That gives MNB a huge advantage and it should give that project a much higher NPV than a similar sized project here. Electricity is the largest cost of green ammonia production so having that cost at just 10% of your competition's cost is an advantage that can't be overstated. That increases the odds of its project going ahead thanks to being in Angola.