re: Ann: MET Exits Phosphate Project - $0.50/...
Yes Dissapointing, but no one will make any money while phosphate prices are where they are today. Legend and Dtree had the best chance to create an early cash flow with a contract with the Indians, but will have to wait until the price of phosphate gets to a point where it becomes viable again. The millions saved from not paying into the JV for little return for some time, can be spent on projects that may transform the company if some good copper/gold hits are made. Still very tight, and as seen with some other juniors, any sniff of some good results will bring this stock back to life and beyond. Not long to wait now. Barbara drilling now, with copper hits expeced, just how good, and the 100% Gregory to start this week hopefully. Good luck to the patient holders.
MET Price at posting:
11.8¢ Sentiment: Buy Disclosure: Held
