General discussion, page-391

I should do an in depth analysis, using my skills as a mining engineer and resource geologist.

However back of the envelope calcs usually work out very close in my experience, small changes in things you can't control (or easily predict) like exchange rates or diesel prices have profound impacts on margins and blow away the importance of the minutia.


What I do know however is:
I know the mining method is as cheap and risk free as is gets (bulk push by dozer to uncover, then free-digging ore)
I know there is an ever increasing demand for phosphate for fertilizer and LiFePO4 batteries.
I know shipping costs will only go up as we de-carbonise, meaning the closer a deposit is to market the better the price we will be able to get. Australia currently imports most of its fertilizer so will need to look at suring up domestic production to ensure a strong agricultural sector.
I know direct application is emerging as a green alternative to SSP and DAP.

The deposit is in the middle of nowhere, is probably the biggest downside. They may struggle to get the workforce and will face large transport costs getting the product to market compared to competitors with access to rail / nearby ports.