whsp, page-14

One thing you can't underestimate is having a strategic investor such as WHSP with proven history of taking smaller companies to gigantic things.

When WHSP invested in RUM they would have done a full analysis of what RUM's potential is and what they might have to do to help RUM realise its full potential.

With over 250mt of phosphate resource, WHSP would be thinking big. At $200 per tonne that equates to $50 billion in revenue. And given that production costs will be a lot lower due to the shallow depth of the resource, profitability should be higher than what other similiar companies would be expecting.

But undoubtedly the biggest plus is that RUM wont face the problems that so many small cap companies face and that is securing funding of large amounts to get their resource into production.

I have seen time after time years of delays, dramatic SP deprecation and dilution occur because companies can't get into production. This will no longer be a problem for RUM and they will be able to go full steam ahead unlike many other companies.