you might be right, but i am guessing that with so many IO juniors dangling rock chip samples as carrots trying to vie for the markets attention, it might be something perhaps MORE attractive.
i don't know alot about phosphate, but i assume it requires a plant of some sort?
my guess is that if investors are buying into a $15mill mc and expecting to profit on it being, say $90mill in under 6mths with such confidence, whatever they have got is probably just a dig up and ship off type of resource.
FUT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held