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Re: kidl post# 2970

Tuesday, 07/12/2011 7:56:14 PM

Tuesday, July 12, 2011 7:56:14 PM

Post# of 3005
Sorry kidl. Only following the pure phosphate plays. Potash had its prematurely early run. Even the analysts fail to understand phosphate prices always lead potash. That's quite simply because phosphate is applied at planting whereas potash is applied as crop yield and price potential develop.

Rock phosphate is now US$190-200/t.

Main stock I am watching is MAK.AX (also has a Toronto listing). In 2008, this stock popped from 19c up to $2.90 as rock phosphate rocketted to US$400/t. Management has been the issue since and obviously the spectacular collapse in rock prices following the GFC. However a deal with the Indian State owned bohemeth NMDC is likely to be inked in October. A MOU was recently signed. What very few know is that NMDC pulled out of a similar project in Tunisia following the political unrest.

The supply security of phosphate has changed permanently and non Middle East supply bases are being re-rated as a result.

Good luck.

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