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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

Comment by CanadianCodyon Dec 11, 2021 7:38pm
120 Views
Post# 34222372

RE:RE:Share price catalysts

RE:RE:Share price catalysts
Internal catalysts: Conda - Approval of Husky 1 North Dry Ridge(BLM will release its final decision March 2022) MAP+ production is at all time high (this is not part of the off take agreement) so is sold at current market price, not trailing 3 month average. This will boost EPS Arraias - Q4 2021 Golder Associates is set to release its report for the path forward. Q1 acid production and sales to resume at Arraias. Eith this, EPS will increase. Brazilian government has granted tax breaks and incentives for Itafos. Also huge market demand worldwide for this plant to be back at full production. Farim - financing for the project is pending on mining permits. Currently they are working on permits and tax incentives for the project (could not find timeline) but contract camp that will house 150 workers is completed. Paris Hills - sell the bloody thing and collect the proceeds. Husky 1/North Dry Ridge is there path forward for Conda extension. Mantaro - sell it and collect the proceeds. Selling two properties for 100M+ will shore up there bottom line! Put the money into Farim and Arraias. 3 full functioning mines with 2mt output annually would boost them to a multi billion dollar company. Well over $25 per share.
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