All things being equal, I reckon if phosrock prices move above US$120 per tonne Ammaroo's NPV will be close to A$1 Billion. Considering it was worth US$430 per tonne 10 years ago, I think a US$18 plus per tonne rises is a real possibility. Not bad for an unloved A$15 mil micro cap. If I'm getting these calculations wrong could someone be kind enough to correct me? Thanks.
$1 billion NPV. When?
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