Hey TT,looking very interesting although a different strategy to...

Hey TT,

looking very interesting although a different strategy to MAK's?

ie - ARU have 2.1mt P205 @ 14% whereas MAK have 72mt P205 @ 23% plus 1.95 billion tonnes @ 14% P205.

ARU's recent presentation have them hitting 50% production in 2011 but as MAK are fast tracking their phosphate project they are looking like coming on line earlier than this.

MAK will be producing RP with small OPEX and negligable CAPEX versus ARU $750m CAPEX.

Regardless though, ARU are looking like a serious LT investment at this point. Congratulations to holders. I did hold but sold them in March to buy more MAK.

cheers