Hi Barry. What do you think they might be up to? Do you have a...

First 15 Last

Share
Profile

Follow
Timnea

842 Posts.

10

07/01/17

20:45

Post #: 21743612
Share

Originally posted by Barry81 ↑

Here is a link to the PFs for ammaroo from 2015

http://www.rumjungleresources.com.au/sites/default/files/gallery/Ammaroo/150909_Updated Ammaroo Prefeasibility_Study.pdf

First thing is the current sales price for rock concentrate is currently about $90 pt not the $135 mentioned in the report. This can be found in the most recent Avenira valuation from Patersons.

My quess is that opex would be $70-$90 usd pt tonne. Most of the morrocan Rock concentrate is produced for sub $50 pt.

Capex is $770m for 2m tonne pa facitility. This is considerably higher than other pre developed operations eg minbos. In current market this would be very hard to fund.

Lastly the overall grade is relatively low at 15% p2o5. Most overseas dso are 25% plus.

The other 2 options aren't really that economic as the capital cost is too large.

Again I'm not sure why verdant is doing a bfs as it will virtually be impossible to find investors when there are other better undeveloped phosphate projects that will come online first to meet demand.

Unless CT has some new way of producing phos acid or dap/map for lower opex/capex which could make ammaroo economic.

To that end he is always sniffing around fertiliser events and I think he will present at cru's fertilisers 17.

That's why I think sol pats must be up to something.....

Expand

Hi Barry. What do you think they might be up to? Do you have a few examples/possibilities? I take them at face value, that is they're trying to start a phosphate mine....no assumptions (Occum's razor). Being cashed up with some smart people behind them I reckon they have great chance. And I view the depressed price of phosphate atm as a major positive, if it was sky high I wouldn't be interested.

VRM Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 13 more messages in this thread...

First 15 Last

Add VRM (ASX) to my watchlist

Hi Barry. What do you think they might be up to? Do you have a...

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse