Whilst only in the very early stage of sampling the target areas for drilling look very large and extensive.
The fact that Vale had picked up much surrounding areas to AGR as well as Brazil not having enough production to service its phosphate needs.
Very few shares on issue suggest this could run hard on positive results.
The lower grades compared to other phosphate plays would be more than offset by low transport costs to supply local markets.
A very much under the radar phosphate play.
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