Post by
tweezer1957 on Mar 12, 2021 6:27pm
Feasibility update
if you didn't know the price of phosphate had broken out at 105. Interest rates are at all time lies. Thus project is way more doable. Once phosphate breaks 125 we should see some action. Finalky
Comment by
stockperks on Mar 14, 2021 8:37pm
At the time of the Bank Feasability study, in the documents, they were looking at a phosphateprice of 180+ or about for a ROI of I think 22-25%. Extraction/ Mine to Port costs are possibly just too high. Tunisia/Morocco with draglines are low cost operations We are still a long way to go and 125$/ton won't make it
Comment by
tweezer1957 on Mar 15, 2021 7:07pm
fair enough. 180 seems high becase the price was in the 125 range at time of feasibility study. If you look at a 15 year chart. 180 is not realistic.
Comment by
Can4real on Mar 15, 2021 10:36pm
The 180 price might come from DANs claim that their purity provides a premium over morocan phosphate. Can anyone verify what premium DAN's rock can realistically get? Also need to take into account shipping costs from morocco to supply north america. Freight rates have soared so the more local the supply, the more it makes sense financially.
Comment by
tweezer1957 on Mar 16, 2021 8:23am
yes I was forgetting that Moroccan phosphate trades at a lower price. I was advised that Ariane's product is selling for 150 per ton. Feasibility was done in initial years at this price. The 180 price is for later years, thus everyone is correct.