northern territory potash?, page-2

Meanwhile, back in Australia Rox Resources (RXL) - which is persevering with the Myrtle zinc-lead project near the Gulf of Carpentaria coast - has been granted the tenements for its Marqua phosphate project east of Alice Springs. Surface sampling has recorded outcrop samples up to 39.4 per cent phosphate. Marqua in located in the same part of the Northern Territory as two other phosphate projects, Wonarah, owned by Minemakers (MAK), and Highlands Plains, owned by Phosphate Australia (POZ). Rox notes that its ground is just 250km from the nearest railhead, which is at Phosphate Hill in Queensland.
--Robin Brumby,s article in "Pure Speculation" the Australian news paper (18/4/2011) suggests RXL should have better SP than currently achieving.
There should be synergies in having MAK & POZ in the same area.
Phosphate production is going to be crucial to maintain world food supply.Like any other commodity supply & demand will determine price of P but it is likely to go up making RXL a exciting company.Certainly not a dog! At current prices the stock is undervalued & shows alot of potential I would suggest it is a stock to patiently accumulate