$200pt rock phosphate might not be too far off according to the June 23rd Profercy Phosphates Report.
"OCP Q3 Targets. Morocco: Initial proposals for Q3 price increases across the board are at $30pt - suggesting some contracts will surpass $200pt cfr for material at 30-32% P2O5."
Totally agree with your point YC about NMDC needing to secure a major phosphate project, and this JV for the Wonarah deposit makes perfect sense for them, which should be borne out in the feasibility study.
Waited this long for this Wonarah to get some serious financial backing, now we should see much more positive movement, with the NMDC technical team soon to arrive.
$200pt rock phosphate might not be too far off according to the...
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