I still think something will happen with Australis phosphate or Leichardt copper or both maybe even before Marampa ( No 1 ) is sold this year.
Joe Gutnick's Legend just released 24/2/11 maiden reserve estimate for Paradise Sth project next to Australis' Lady Annie phosphate ground. See map in CFE's Q report.
Legend's report on their website and also map
min 30yr mine life producing approx. 600,000t/pa of DAP+MAP.
ore reserves 196m/t @ 14.6% P2O5
mineral reserves rock phosphate 55m/t @ 33% P2O5
http://www.lgdi.net/qld/#
I still think something will happen with Australis phosphate or...
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