strachan report, page-19

Wow!
What an upgrade at Barrow Creek.
Guys am I correct in saying that the previous estimate was 88mt, and we are now up to 253mt, that is nearly 3 times the previous estimate.
From the annoucement today further upgrades in the future are likely as well.

This company probably doesn't get the publicity it deserves and therefore I doubt very much we will see a sudden jump in the SP but with the upcoming work programs and the interest being generated in Asia I am hopeful that we will get the rise in SP it deserves.

The current price of Rock Phosphate is
"VALUE: 198.750 IMF Morocco Phosphate Rock Export Price Morocco in USD/Metric Ton"

A quick estimate says that Rum therefore has (253mt x $198.75) $50,283,750,000 of value in the ground. Thats $50 billion. I can see investors starting to que up now to get involved.

This is truly a world class asset and no doubt will continue to attract interest from Asia.