First State & Colonial are CBA like my arms and legs are to me.
Both these outfits paid a visit to Tunisia and once they arrived home they turned on the Bots and started munching.
They are still doing it.
What we can glean is that CBA loved what they had seen. Ports Established, Railway passing through our tenements and phosphate everywhere.
CNL shipping only 565,000 tonnes of phosphate per annum would hardly tempt their taste buds. This our 37.5% share once MOU with fertilizer company becomes binding.
I would assume that 1.5 mt per annum will be the starting point.
CNL will achieve the minimum 25mt P205 for stage one despite the reduction in drilling holes and other issues.
The resource will just grow and grow and grow in time.
cheers.
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