resourceThe grade is lower than they were hoping.
That being said, the company has two offtake partners without having even proved the process works.
Until official reports come out from the UFMG studies and others that are ongoing, there is simply no way to know how this will end up. There is a long road ahead with many milestones for AMZ and I´m in no rush to jump in above 2 bucks. However as they start to tick the boxes....process works, economics, finding higher grade starter material, I will continuosly re-evaluate. AMZ and AAM are both in the fertilizer plays in Brazil. Ive got an eye on both but won´t buy in until they move forward.
On the macro front, Brazil is deadly serious about becoming independent of foreign countries for fertilizer.
https://www.orm.com.br/amazoniajornal/interna/default.asp?modulo=222&codigo=458817
best, brasil