Mistermoon, nothing is quite that simple.
This is a booming sector, and the need to be on a basement level entry, AKA mak at 25c, will attract many.
FDL and MDX are yet to drill and prove up any resource, get my point?
Plus, agree DBK, mgnt looking to pick up other phosphate projects as well, is agressive mentality.
And what buyers want to see.
At 10 mill MC, cw mak at 170 mill full dil, its to hot a sector, not to at least take a small position.
Later, is too late.
cheers
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