Ann: Karinga Lakes Potash - Earn-In, page-5

Hi Redbeard. I think these guys are pretty good operators so they'll get maximum value out of every part of the company. The phosphate project is where the real potential is. Ammaroo phosphate alone will have a mine life of 75 years so should more than compensate for Karinga potash's low value. I was told today that Ammaroo is one eighth the size of Morocco's phosphate (Not sure how accurate that is but must be some truth to it). Then there will probably be other discoveries in the area such as Rock Hole.