Chatham Rock Phosphate - CRP

[MAC]

You could be right and Edison could be right, time will tell, it will be an interesting watch.

[Balance]

Anyone can point towards any successful project which Chris Castle has been involved in since 1990?

[MAC]

Since I’ve some time here’s a balance to the view of the stock knockers on this thread when it comes to the rock phosphate market and the valuation of CRP.

Phosphate is a cyclical commodity like any other and tracks the Commodity Price Index reasonably well over time.

What the knockers won’t point out is that the price of rock phosphate in 2012, 2013 and 2014 is entirely irrelevant in assessing the valuation of CRP.

CRP have a mining permit for 35M tonnes for 20 years starting in 2015 and ending in 2035, perhaps a little more now they have picked up the additional prospecting permits.

The valuation of CRP is a function of the prospective discounted cashflow’s from operating revenues generated during this 20 year period from 2016 onwards.

Note on the chart below the price spike in rock phosphate in 2008, this was due to disrupted supply in North Africa due to political unrest, the dip in 2013 is due to a potash cartel breakup. These things will occur and will continue to occur over decades.

CRP.jpg

[croesus]

Well put Mac, any fool can hide behind a nom de plume and be a knocker... one fool who I wont name, ( but will read this with in 30 minutes of my posting it ) is very vociferous on this site...

would have at most $6000 to his name and lives in a Caravan at the back of his brothers house... in his 50 s... but been bludging most of his life.

In fact .. take this as a chance to fess up..? you wont tho will you. ?? ( go on your feel better for it ) What about if I buy you 2 casks of wine and a bottle of cheap sherry ?

Lets see if he responds.

Regards

[janner]

Off Shore prospecting is expensive..

Does have good returns when all goes well....

Will a number 8 wire company be able to come up with the answers in this field ??

No !!.. IMHO..

[croesus]

Janner... smarten up.. Boskalis is not no 8 wire.

Have you done any research on CRP s partners, ????

obviously you are way out of your depth.

Suggest Bonus Bonds,

Regards

[janner]

Bonus Bonds..

Been into them from the inception.. Still have the same investment $700 hahaa..

Depth being the critical word..

Not out of it.. Just do not want to be any where near this project..

Many, Many, many, other places with better immediate returns available ..

Pie in the sky .. Or in this case.. Pie in the sea. Is not for me..

[MAC]

A good summary within this article,

http://agrihq.co.nz/article/chatham-...ng-fast-5m?p=7

Things seem to be looking up again after that painful non time limited bureaucratic frickin delay unkindly provided by NZP&M. I’m pleased as an investor to know that the marine consent process is time limited to six months.

It could be a big year for CRP with the schedule looking a bit firmer now;

1. Complete final capital raising - January/February:
2. Apply for marine consent - February/March:
3. Marine consent outcome announcement - August/September:
4. Conformation of an operating contract with Boskalis – late 2014
5. Commencement of boat construction – late 2014
6. Dual listing on the Toronto Stock Exchange – late 2014.

[croesus]

Cheers MAC.

Once we get the Marine Consent, the S/P should rocket.

AOR... is a cheap entry....and could surprise with Kotuku

[hilskin]

http://www.nzherald.co.nz/business/n...ectid=11180675

Nothing new here but nice to see it getting some publicity in todays herald.