Even if they sell the rock for $200.00 and pull out 2.5 million tonnes a year thats still $500 000 000 the old scoping study called for a 30 year plus mine life the numbers involved with this play are astounding the capex is not going to matter the money will be given to get this off the ground besides it sounds like the way they have it planned the money they earn in the first couple of years will pay for plants etc. I find it very hard not to be so optimistic on this play. I can't find anything wrong with it in a couple of years this stock will be well over $15.00 everything is in place the players are playing the rock is there and its going to be removed for a price.
I can't remember where i've seen this kind of investment in a junior by this many high powered players it makes for a very comfortable situation. That being said there are not many situations where i can think of where these kinds of numbers can be generated for so long off one area. I'm beginning to think these guys could be the POT of the phosphate world.
One last thing i laugh at any takeover attempt at these low prices look who is involved they would be laughed at. No we are in very safe hands who know how to make money. There are few plays out there right now with this potential!JMHO!GLTA!