Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Basic Materials

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.

TSXV:IFOS - Post by User

Itafos Inc

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Comment by Irish123on Oct 14, 2011 10:54am

346 Views

Post# 19149188

RE: Good news - BNDES approval

"we currently see a very robust market for Single Super Phosphate in our target markets with recent pricing in the US$400 per tonne range."

So let me get this straight...at $400 per tonne, and a cost of roughly $100, they are looking at $300 profit per tonne. At 500 000 tonnes a year, that's $150,000,000 profit a year, meaning they the stock is currently trading at less than 2 times future earnings?

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