ssc hits wall, page-9

"Togo's carbonated phosphate reserves are estimated at 2 billion tons and to start working them would require an initial investment of CFA 48 billion (€73 million). The company that wins the deal must commit itself to building a phosphoric acid plant costing a minimum of CFA 100 billion."



Oh is that the sound of a very fat lady singing a very loud song? Sounds like it to me. There's no way SSC could muster that kind of cash ATM so unless they have a very rich uncle with deep pockets, and, likely unreasonable demands I can't see this one happening. Oh well, whatever, plenty of other irons in the fire so you'd think they'd be able to get SOMETHING fired up? (but hey, good on management for having the cohones to give it a shot though. :) )