Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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

Itafos Inc

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Post by stockprospon Nov 11, 2014 11:41am

198 Views

Post# 23117238

it's all about the cash!

Commercial production is great - but the REAL reason we want it right now is to free up cash.

Aside from generating cash through sales, there are rules and stipulations around lending and being a commerical producer is typically one of them

If they don't hit this milestone yet, they will soon so to me, it does not really matter - IF AND ONLY IF, they have a plan for short term liquidity to generate cash which will enable more production.

More cash = commercial production. Commercial production = more cash. They are tied together.

Looking strong from my perspective.

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