Where is the phosphate coming from rolf?, the Saudi Maaden project will not be exporting rock phosphate. Times line keep blowing out for the Maaden project latest I hear was it was now out to 2012. They have a lot to sort out, the rock phosphate they plan to mine to supply their fertiliser plant needs extensive benefication.
What mak has is a quality phosphate deposit of uncontaminated rp at a good grade(minimal benefication), deposits like this are running out around the world. Mak also has underutilised infrastructure right to the door step. You won't find another rp project startup project like this anywhere, because all other deposits(i can find) of the size/quality have already been developed. The reason Wonarah has not be developed in the past is due to infrastructure that is now mostly solved by the Adelaide to Darwin rail.
AEV Price at posting:
74.9¢ Sentiment: Buy Disclosure: Held
