thx brickworks
I think Aus investors have been doing the same old, expecting DSO grades on all deposits worldwide, regardless of what most local production grades are at.
from their last release
Grades at producing mines in Brazil vary from 5.45% P2O5 to 12.36% P2O5 with an average grade of 9.0% P2O5 as can be seen in Table 1.
Carbonatite Associated Phosphate Deposits – Brazil
The largest phosphate mines in Brazil are all associated with carbonatites as can be seen in Table 1 below. Typically these deposits including Tapira, Cajati and Araxa´ have a higher grade oxide zone sitting above lower grade primary ore
The operating mines are highly profitable due to their excellent mineralogy enabling the ores to be beneficiated to a suitable concentrate grade (>32% P2O5) and their close proximity to markets including fertiliser blenders and end users.
highly profitable at average of 9% P2O5!
I think Aus investors want to see MAK's DSO grades hit but forgetting it's the profit/NPV that counts at the end of the day
JORC out next qtr on phosphate
should be plenty of newsflow on both phosphate & potash drilling results
perhaps a good idea to do some broker presentations again given their last presentation is dated 6 months ago
look for a higher swing low here then hopefully break of 60c
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