is this the bargain phosphate stock on asx, page-88

UCL do not need billions of $ in capex....

UCL will need $100M to $150M (guessing)....

on $100 tonne costs ($300M), $250 a tonne revenue ($500M), the EBITDA is $200M pa conservatively or $140M NPAT.

thus the CAPEX can be paid back in one year...

$50M raise at 10 cents a share = 500M more shares....

in can be done in this enviroment and hopefully the directors Arabian mates can help...