T.A. and an Article regarding increasing PhosphateHere is a very informative article relating to the rapid increases in phosphate prices over the past year. I hope this is helpful to you in your phosphate research.
https://www.unitedprairiellc.com/PDFs/phosphate_prices.pdf
Yes I do own shares in PEX.v as I think that phosphate may be an excellent way to get into the overall fertilizer play. PEX appears to have acquired an excellent grade phosphate play. I don't adhere any value to the uranium side of this company at the moment as all uraniums are getting hammered as you are quite aware. I think it was a great move for PEX to pickup the phosphate property as a hedge against the downside in uranium. It is also nice to see drilling get underway on the phos property so quckly as well. I am quite impressed by that. These guys aren't waisting any time so it would seem.
Now, if U starts to turnaround soon and if drill results for the phos come out relatively quickly, then this share price will probably seem VERY cheap in one or two months.
Personally, I believe this could be a massive sleeper. Just my opinion of course.
Do your own DD always.
ps: Can anyone relay the management's previous exploration and mine developement successes if any? Thanks in advance.
T.A. Chart for PEX
