thanks harry, don't think result deserves a high five tho:(TIme...

thanks harry, don't think result deserves a high five tho:(
TIme for the company to pull a rabbit out of it's hat this morning and give us an idea what price it's phosphate is going to get via offtake relative to Morrocco or we are heading lower again

The price of Phosphate next APril is what counts but we will still be valued by the RP price today till it turns. This price is still above their stated go ahead price as it is in US$ and f.a.s but slim margins. Need to drop opex (time to remove the asterix on transport costs and give us your renewed estimate).

From the first supplementary bidders statement: "Minemakers
has estimated operating costs of USD100 per
tonne FOB. Minemakers’ strategy will only be
successful if sales prices of at least USD 120 per
tonne FOB can be achieved, sufficient volume
of sales are negotiated and operating costs are
in line with or less than current estimates." -

So we are still go at this price with the difference in FOB to FAS and possibly a cadmium margin as a buffer but without lower opex no lower please :(