Thanks for the summary, I will look in all this in more detail. I am quite interested in some of the junior specs in the phosphate space (e.g. RUM and POZ). If UCL win MAK which I think is possible (some disagree) then I will become more interested, not for Sandpiper particularly but because larger holders in UCL (eg Twynam and Mawarid) will not tolerate the type of wastage and endless dilution that has gone on with MAK.
