AEV 3.70% 1.3¢ avenira limited

price rock phosphate, page-2

  1. 1,517 Posts.
    Colin

    There is no spot price for RP.It is set by the
    Morrocans normally on a quarterly basis.Latest price
    at 4/9 is $480 USD/t (571 AUD at .84)
    Demand will be driven by the 4 F's.See IPL report
    in sept for analysis of this.
    I believe the current price is sustainable in the
    long-term but even if prices dropped 50% MAK will
    make a fortune.
 
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