re: "2 fertilliser producer in NT given the potential massive capital investment of MAK by Indians."
I think you will find that there are several companies in the region which are exploring for P205 (Phosphate) and SOP (Potash). RWD is also doing the JV with RUM in Karinga Creek in the NT.
Yes, MAK finally after a very long and drawn out process to find either financial or a willing JV Partner finally have found one and they are now going to be exploring to find the best way to access the product and ensure it is of quality for export with little beneficiation. I know that they have the technology to beneficiate at Wonarah in the NT through a company they have a stake in from the USA (Florida) great news for them.
What it means for the Indians is that they have a potential new supplier closer to home in a country which has less sovereign risk than those in the MENA region of the world (there in social and political turmoil right now). Stocks in those MENA region Countries have dropped to the bottom of the floor from huge highs you should also remember.
Australia whilst it has its sovereign risk called the 'MRRT' is not going to affect overseas investors in the Fertiliser Sectors as there is no MRRT payable on these resources.
Is their a place for two or 20 Fertiliser Producers in the NT, or in Australia as a whole, of course there are.
Is there a place for 40 plus companies search for IRON ORE in Australia of course there is.
Who ever gets across the line may have a very short term advantage over the next explorer. Remember 'romanroitman', the ore body from MAK's Wonarah project will most likely go to the Indian Market.
There will still be ore required for the Indian Market, the huge Asian Markets. Also please note that the USA is importing P205 because it does not have enough of its own resource. Several of the mines are predicting falls in there productions over the next 5 years which means the USA will be importing more and more of its needs from overseas.
As RUM holders we have access too not only One P205 lease, but 3 or possible 4. The results today are for one Barrow Creek (1). Please remember RUM also have SOP (Potash) leases which the company from market statements indicate that they are becoming more bullish on, with its JV partner RWD Minerals Australia's leading Potash Company with its huge knowledge base.
The good news from the Amended Statement of 7/06/2011 is that the assay results are all in now.
They have been sent to Hellman Schofield, consulting geologists, for initial JORC estimation.
This means that the long wait is almost over for the P205 Maiden JORC complaint statement to be released.
This statement should hopefully be published by the end of June or very Early July 2011.
Then we are in for several Amended JORC Statements as the Ammaroo Phosphate Project is expanded across the three leases that I am currently aware of.
That is great news for us as LONG TERM INVESTORS. We are looking at the long term for this company and not for a quick buck. It might even be a case that RUM gets a take over offer at some point if the grades are high enough or even a JV like MAK.
It won't be that long before we know what is the size of RUM's initial inferred resource is going to be. Remember MAK's Wonarah Project is 12% P205. What will RUM's be considering they are stating the cut off is going to be 15% P205 (Phosphate). Big picture, big world, lots of markets, lots of opportunities for JV's and if right price T/O of Ammaroo Phosphate Project.
This is just my opinion. I was right btw re: higher grades to the South of the Barrow Creek (1) and thicker deposits as well.
RUM Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
