The big elephant in the room with Fort Cady is the size of the borate deposit and which bigger fish out there are looking at ABR... Consider this - Rio Tinto is spending a squillion on Jadar with the key being they need to develop a unique process design. Also Rio's US Borax operation, which is only about 150 km west of ABR, is getting long in the tooth and eating into the once attractive margins. I reckon Rio will be looking real close at the likes of ABR as a lower cost alternative to Jadar as Fort Cady has size and is a colemanite deposit that can be processed using conventional know-how. US Borax would be very familiar with the region given its long history so no doubt is closely watching... All we need now is some competitive tension.... Oh yeh, thats right, the Chinese import practically all its borate products... Giddy up folks, we're riding on a winner here!
ABR Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
