New Broker Research, page-118

Agree - I read that they want to get into the market fast with low cost whilst the phos prices are crazy high with phase 1.5, total spend on project remains the same or lower due to improvements discovered during commissioning and current running. Good news story. Later on they ramp up to 800kt. I wonder if they even need to run at 800kt if they will be printing money at 600kt at these prices. Use that capital for other acquisitions and growth instead.