The Investment Doctor
Long/short equity, value, debt, base metals

Arianne Phosphate- Canada's Next Low-Cost Phosphate Mine


In this article I'll re-visit Arianne Phosphate (OTCPK:DRRSF) after writing an earlier article to discuss my expectations for the company's feasibility study. Since my article was published, the PFS has been completed and in this article I will follow up on the official technical report to see how sensitive the project is using different input assumptions. I will start with providing a background on the Lac à Paul project where after I will play with some numbers to see how the NPV of the project holds up using a lower phosphate price. Thereafter I will discuss the main risks associated with investing in Arianne and offer some possibilities on how the initial capital expenditures of the project...

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