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Arianne Phosphate Inc V.DAN

Alternate Symbol(s):  DRRSF

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate property located in Quebec, Canada. The Company specializes in the extraction of independent phosphate rock. The Lac a Paul phosphate deposit is located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. The Lac a Paul project encompasses three Nitassinan Innus: Pessamit, Mashteuiatsh and Essipit. The Lac a Paul project is an undeveloped phosphate deposit globally. The Company’s subsidiaries include Oroplata Exploration Inc., Arianne Logistics Inc., 9252-5880 Quebec Inc., and Point Comfort Explorations Inc.


TSXV:DAN - Post by User

Post by stockperkson May 30, 2020 6:55am
328 Views
Post# 31091309

Do your DD...

Do your DD...This is the reality...The phosphate rock price has kept going down for years and no new project out of Africa has been able to come to life - simple reason: they extract from sedimentary sands with draglines that cost them about 30-40$USD/ton
Arianne is under water at 90-100$USD/ton to produce. High quality doesn't justify the investment either. Morocco is developing a purification process for cadmium and else
it will always be the economic that will drive those projects and it's not seeable for the next years ahead...
Go back and do your homework - I was once a believer when they released their studies and the prices were in the 180-200$USD/ton, but this won't happen again I think...

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