11:35 AM EST - Stonegate Agricom Ltd. : announced the results of its Pre-Feasibility Study for the development of an underground mine in the Lower Phosphate Zone of its Paris Hills Phosphate Project in Idaho. Highlights: Production of 10 million tonnes of direct-ship, concentrate-quality phosphate rock (no beneficiation required). Total project financing requirements for development of $134.3 million, which includes contingency of $16.1 million and working capital of $6.5 million. Cash operating cost of $72.99 per tonne of saleable product (FOB mine site). Assumed average product price of $160 per tonne (FOB mine site). Stonegate Agricom Ltd.
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