urea price chart, page-5

Food & Agriculture sector (Farmer's) impacted by record high fertiliser prices! .. below excerpt from *stock head newsletter

LEIGH CREEK ENERGY (LCK)

Leigh Creek is one of the only Aussie companies poised to capitalise on the current fertiliser crisis with its Leigh Creek Urea Project (LCUP).

The company plans to produce as much as 2Mtpa of zero carbon urea via downstream processing of syngas which it will extract using in-situ gasification at the now closed Leigh Creek coalfields of northern South Australia.

The company says the cost of feed gas to the LCUP will be less than A$1/gigajoule, and the average nominal operating costs at the project are forecast to be about A$109/t which means the company will be in the lowest quartile of the global urea production cost curve.

And while the project won’t hit full production until around 2024, LCK is targeting a bankable feasibility study (BFS) for completion this quarter and expects to reach the final investment decision process for the project in the middle of this year.

Leigh Creek has a market cap of $134M and had $8.3M in the bank as at 31 December 2021.

https://www.marketindex.com.au/asx/lck