sm,
i agree.
is it correct to say that $400/tonne of phosphate is for 32%.
if so, then if mak decide to go the dso path at say 20% (average) they will receive $250/tonne.
surely it wont cost more than $150/tonne (capex/opex) for benification.
so it would be advantages for people to not consider dso as the preferred option because the additional capex and opex required to get to 32% will be returned in spades thanks to the extra $150/tonne received for the product.
dso may be ok in order to get an early start to production and cashflow but it certainly isn't a longer term option if phosphate prices remain robust over the long term.
maybe i am wrong but im sure someone will correct me.
cheers
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