A positive announcement, though the drilling remains quite wide spaced at 250 x 250. High silica may provide better results through beneficiation - not much point transporting 15% SiO2 if you do not have to.
And their price will be discounted from the figures I see thrown out in this forum if they are shipping 30% P2O5 rather than the 34% (+/-2%) that the Morroccans ship.
However I cannot help but feel that it just makes the takeover of Bonaparte all that grubbier, and leaves me less than enamoured with the Board - why even put yourself in such a conflict, in the current market, when they have enough positives with what they are doing in MAK?
A positive announcement, though the drilling remains quite wide...
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