People over-estimated the supply of 'easy to get' Rock Phosphate. Even in Australia, MNM/Legend/POZ/URM all have difficulty (with current deposits) transporting goods to port without spending a fortune. Similar story in the US, where they are fighting environmentalists to get access to newer RP deposits. Saudi Arabia is also a long way from port and they are spending giant amounts building the infrastructure.
Btw. Mascalzone - i started a thread on your beloved TFS about whether their revenue is from selling sandalwood or getting money from investors....
peak phosphorus: reserves vs production, page-15
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