food prices soar, page-12

Rum should have a pre feasibility study out on their ammaroo project which is being undertaken by worsley parsons by mid year. this will look at the feasibly of DSO, dap/map plant or spa plant. will provide a good insight on the current economics of mining phosphate in the georgina basin. transport costs for wonarah will be higher as it isn't located near the railway.

otherwise I don't think they will have the BFS on wonarah out until later in the year but once IHP is commercialized everything should start clicking quicker. don't think financing will be a major issue.

I have a lot more confidence in Cliff being able to execute the wonarah project than previous management. when was the last time mak loaned money to a company on the brink of administration (BCD resources). also the 1/2 yearly accounts indicated how much more prudent management had become with company funds.