Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: bear market, bull market

I don't want it to happen but IFFCO could also sign a long term (forever) contract with Legend to supply them with X amount of rock per year once it is economically feasable for Legend.(ie, once the price is over X/ton) Then they can lock in supply of rock which is all they want. I'm just saying that it seems like Wengfu feasability is coming up with building plants instead of shipping high grade ore right now, which i don't think will sit well with IFFCO. IFFCO hasn't spent much money on their current position in Legend relative to their size. It' really a token investment in Legend to assure product supply. I'm sure they wouldn't sell it because they need the money!! They obviously have the best chance of getting what they need by being a big shareholder and supporting whatever Legend decides to do.

IFFCO also knows that Wengfu has the technical expertise to get this project going.

We'll find out next week.

Share
New Message
Please login to post a reply