AEV 13.3% 1.3¢ avenira limited

phosphate stocks on fire in canada

  1. 1,771 Posts.
    I've previously posted on Phosphan chem Corp TSX(FOS)/ Baltic Resources TSX(BLR) which have a 50/50 JV on the Martison Phosphate Project which is still pre-feasibility and also 2 years+ away from development. The capitalisation of both companies are $160m CAD, and it looks like FOS has only got this project on the go and it's BLR's primary focus. The size of the resource is also smaller than Wonarah....

    - Measured and Indicated resource of 62.2 million tonnes averaging 23.55 % P2O5 and 0.34 % Nb2O5.

    - Inferred resources of 55.7 million tonnes averaging 21.87 % P2O5 and 0.34 % Nb2O5.

    If we used this project example of similiar companies at a similiar point in the project lifecycle then MAK's share price is way undervalued (without considering moina or other projects).

    DYOR
 
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