Looks like everything is progressing nicely. I believe they're targeting a FOB cost of US$60 per tonne but with this new benefaction test work I reckon they'll be looking at the US$50's range. That's still a good profit margin even at these depressed prices. With phosphate prices beginning to firm this project should be looking good IMO. Bring it on.
Ann: Ammaroo Phosphate Project Update Sept2017, page-2
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