This small Phosphate explorer has drilled a very large area next...

This small Phosphate explorer has drilled a very large area next door to RUM's known phospate discovery, results are due anytime now. It will interesting to see if the Phosphate does extend onto NUP's ground and if so how the market will react to a possible discovery.

At 3.8c with a market cap of $16m there is deffinately upside if a good discovery can be made. Andrew Johnston from DML has also just joined the board. Andrew has a proven track record for resource development.

Phosphate prices currently around $200 per tonne.