Phosphate has had a similar downward ride. But we see that the sector leaders are pressing on. Minemakers (MAK) has begun trial mining at its Wonarah phosphate project in the Northern Territory and Phosphate Australia (POZ) has been getting some very positive results from metallurgical testing at its Highland Plains project northeast of Wonarah.
Food is going to become an issue, just as uranium did after years in the doldrums. Remember back in 2003 and uranium was $US7/lb? What if you had bought Paladin Energy (PDN) then when the shares were worth a few cents?
What if you didn't? Five years from now, like those who waved away the Paladin story, investors may be regretting missing the fertiliser bus.
AEV Price at posting:
40.3¢ Sentiment: LT Buy Disclosure: Not Held
