RE:To the naysayers -Want a Payout Now, Not wiling to wait. What a moronic comment. Really. After almost 10 years supporting this project.
What i want is a investment where the company delivers on its commmitments and does not relentlessly over promise and under deliver. Most of my shares were bought at $0.16, but how many investors, including Ostroff bought over $1. If promises kept, they would be good, but are they.
i have never owned or will never own a Pot stock, for all the reason you state. Had lunch recently with a Junior mining CEO a month or so ago, and he reaffirmed the challenge to raise money in the market and directly attributed it to the rise of the Pot stocks. Investment money went there. This supports the many guests on BNN who called the last 5 years a deep depression for juniors trying to raise capital for projects.
The tide is shifting and Canada is going to outpace most of the world in new mining projects. My CEO friend is becoming very optomist on his project, and the economics of that project were pretty good. Will that help Arianne, NO, Phospate is not gold or copper, it is very sensitive to market conditions. Phosphate is getting hammered right now. Morocco controls the price of Phospate, much like OPEC used to do. Will it recover, maybe. But enough to support this project, even with the premium product, who knows.
Another point, the EU recently enacted laws to reduce the metal content in Phospate. Arianne as touted this as a great opportunity for the project. Wrong. Morocco mines have been around for many years, they are not new, it is expensive, but not a big deal to install process to remove the metals. The additonal costs will be easily absorbed into the operating costs.
Management1 and i have had some good debates offline. He is bright and unlike you likes to understand the whole picture. it is our money and understand the whole picture will help everyone be a better investor.
I know the area where this mine will be built, it is important to the people. i feel sorry for them for having to wait for Ostroff and his team to move this project forward.
so not being negative, just laying out the facts.
i think that door has nailed you in the head a few times :)