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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

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

Bullboard Posts
Comment by handyrandy321on Dec 03, 2014 1:22pm
160 Views
Post# 23190789

RE:And here is the second fertilizer project Santana

RE:And here is the second fertilizer project Santana I don't think they will sell the second mine (barring a buyout) as it is trucking distance to the current plants at Itafos. However when Itafos is ramped up to full capacity (also 500,000 tonnes per day) and generating $100 million a year in gross revenue they will easily secure financing to build a second operation. Brazil has a shortage of domestic fertilizer and fully supports Itafos and as witnessed is giving them back $26 million in tax credits.

Santana Phase I is expected to produce 500,000 tonnes of SSPannually.
Santana currently has a mine life of32 years and an NPV of $396M USD

Once developed, Santana is expected to produce 500,000 tonnes per year of single super phosphate (SSP) from a phosphate concentrate grading 34% P2O5 for 32 years in the initial phase of the Projec. Santana’s high-grade deposit allows for the production of high-content phosphate fertilizers and animal nutrient products. Pilot plant tests have confirmed that recoveries on the ore flotation will be suitable to produce Triple Super Phosphate (TSP) and a di-calcium phosphate (DCP) animal supplement in Phase 2 of the Project.
Santana is located in the southeast of Pará State, Brazil. The target phosphate fertilizer markets for the Project are the northern and eastern regions of Mato Grosso and the southern region of Pará, two Brazilian states with significant agricultural output.


LOCATED NEAR BRAZIL'S AGRICULTURAL HEARTLAND

Mato Grosso is known as Brazil’s largest soybean producer and the largest consumer of fertilizer products. Pará is a large beef producer in Brazil, which provides a potential market for the animal supplement di-calcium phosphate (“DCP”). SSP demand in Mato Grosso State alone is approximately 1.5 million tonnes per annum. This demand is expected to grow at least 20% by 2015, with an estimated demand of SSP in 2015/16 in the range of 1.8 and 1.9 million tonnes of SSP per year according to Agroconsult Consultoria and Marketing (“Agroconsult”), an independent consultant.
In October 2013, MBAC released the results of its Feasibility Study on the Santana Project.
NI-43-101 Technical Report
Ore Reserve Tonnes Grade: P2O5 (%)
Probable Mineral Reserves 45.5 million 12.86%
Ore Resource Tonnes Grade: P2O5 (%)
Indicated resources 60.4 million 12.04%
Inferred resources 26.6 million 5.56%

Highlights of Project Economics and Key Parameters
NPV @ 10% $396 million USD
Mine Life 32 years
Average ROM Grade 12.9% P2O5
Production 500,000 tonnes per year
Internal Rate of Return 19.9%
CAPEX $427 million USD
OPEX $113 per tonne USD
Payback Period 5.0
MBAC is currently carrying out additional work in the region in order to define new drilling targets.
Read more at https://www.stockhouse.com/companies/bullboard/t.mbc/mbac-fertilizer-corp#MZhgJQDvL70vpZP0.99
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