further diirectors buying shows confidence

Great to see further buying by the directors which demonstrates their confidence in Minemakers using the IHP process, and the Minemaker's investment in JDC Phosphates. Why else would the directors be buying more stock.

Vulcan will be all smiles given their investments in both Minemakers and JDC Phosphates.

I have been reading the Corporate Presentation on the Minemakers website. Found this part worth reading.

? High value SPA product produced on-site (>US$1,000/t) reduces sensitivity to transport costs
? Each IHP kiln is designed to produce 181,000 metric tpa P2O5 (200,000 short tons). At current
prices and subject to successful validation of IHP technology, Minemakers internal estimates
suggest a comfortable operating margin
? Target production is based on 5 installed kilns - flexibility to adopt an incremental expansion
approach to enable operating cashflows from early kilns to contribute to expansion

I wonder what "a comfortable operating margin" means. When they reach the 1,000,000 short tons, for each dollar profit pet ton, that is $1M profit per year. What is the likely profit per ton ? Anyone know ?

It gets better each day.
As a mate says "Go You Good Thing".