At a 20% P2O5 lower grade cut-off, Inferred resources in both Wonarah’s deposits change to a total of 131Mt @ 22.8% P2O5.
The fertiliser giant IPL at Mt Isa has 130Mt @ 23.3%. Hence, comparing the deposits using only the best grade material one can barely seperate them.
But using cut-off of 15% Rock phosphate the MAK deposit is far far bigger thn that of IPL.
Overall a fantastic result. MAK bargain at current SP. Who can doubt we are facing world food shortage with depleted arable land requiring additional nutrition for crops and pastures?
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- mak deposit equals that of ipl
mak deposit equals that of ipl
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