Good looking scoping study for PHO out Friday, very compelling economics, currently PHO $38mil MC:
* after tax NPV10 of AUS$967mil * very quick payback period of just 1.5 years * modest development capital * initial 46 year mine life * very conservative phosphate price used of US$150/t (world bank recently reported price of US$300/t * great tax concessions (first 5 years of production tax free) * only 1% royalties payable * project located in Tunisia where Tunisia is looking to double phosphate exports by next year * sealed road and nearby rail to port, Tunisia closest North African country to Europe * phosphate important for both agriculture and electric vehicles (LFP batteries which account for 25% of global cathode production and where half of vehicles produced by Tesla are equipped with LFP batteries) * finite resource * China and Russia both imposed export bans/sanctions on fertiliser. 5 countries control 90% of global phosphate reserves
