GREY:PCCLF - Post by User
Post by
Galahad1066on Dec 14, 2009 4:50pm
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Post# 16586031
Restructuring not needed
Restructuring not neededFor Phoscan to build the Martison site the necessary ingredients must be present and given time they will be. 1)The world economy must show renewed signs of life. 2)It wouldn't hurt to have Iamgold or another partner involved in reclaiming niobium or other mineral. I noticed that Areva has joined with phosphate rich Morocco to mine uranium from within the phosphate there. (
https://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=38739&sn=Detail ). 3)The price for phosphate must return to sustained higher levels. This may happen in 2010 as this is a truly cylical product. You can't go too long without fertilizing your fields. When the timing is right management will start the ball rolling with site development and we'll be off to the races. Timing is everything!