Phosphate Recommendations

DuSolo Fertilizers Inc.

Teresa Matich, Investing News Network (9/9/15) "DSF has agreed to acquire 70% of the São Roque phosphate project."

The Energy Report Interview with Mick Carew (8/18/15) "DSF holds an impressive exploration portfolio."

The Energy Report Interview with Paul Renken (6/23/15) "DSF produces coarse phosphate for the local agricultural market; that preserves its margins."

Kristen Moran, Resource Investing News (6/17/15) "DSF announced that its Bomfim plant reached full production capacity."

Haywood Securities (6/12/15) "DSF has partnered with AGORACOM, an online investor relations service."

Colin Healey, Haywood Securities (6/5/15) "DSF has secured a sales contract worth CA$5.5M."

Tom Wallace, Ag Letter (6/4/15) "DSF entered into a two-year sales contract for proceeds of CA$5.5M."

Tom Wallace, Ag Letter (6/1/15) "DSF is negotiating sales contracts for its fertilizer products."

Tom Wallace, Ag Letter (5/10/15) "DSF's production costs are about 40% of the sales price."

Mick Carew, Haywood Securities (5/5/15) "DSF successfully extended high-grade phosphate mineralization at Santiago."

Focus Ventures Ltd.

(1/4/15) "FCV's Bayovar is a solid deposit that should attract a major partner."

Caesars Report (10/30/14) "FCV secured a strong partner—Daewoo International, a subsidiary of POSCO."

The Energy Report Interview with Thibaut Lepouttre (9/17/14) "FCV's Bayovar 12 project is in a strong phosphate region; this is a dream situation for any mining company."

(9/14/14) "I expect that FCV's resource at Bayovar 12 could easily double with more drilling."

Canaccord Genuity's Morning Coffee (9/11/14) "FCV's maiden resource estimate at Bayovar highlighted 115 Mt Indicated resources grading 12.37% P2O5."

The Energy Report Interview with Ethan Park (8/26/14) "FCV's share price has done well, especially compared to its peers."

Arianne Phosphate Inc.

The Energy Report Interview with Ethan Park (8/26/14) "DAN's igneous deposit benefits from a much higher concentrate rate than a sedimentary deposit."

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/7/14) "DAN added deposits to Lac a Paul, significantly boosting mine longevity."

Focus Ventures Ltd.

Thibaut Lepouttre, Caesars Report (8/6/14) "FCV's resource should confirm a target of 100–150 Mt at 12–18% P2O5."

Haywood Securities (8/1/14) "Final drill holes from FCV's Bayovar 12 averaged 13–18% P2O5."

Arianne Phosphate Inc.

The Mining Report Interview with John Chu (7/29/14) "We've been impressed with how far DAN has moved the Lac à Paul project along."

Henry Lazenby, Mining Weekly (7/18/14) "DAN's 2014 drill program has significantly boosted the Inferred resource at Lac à Paul."

Focus Ventures Ltd.

(6/22/14) "Assays from FCV's Bayovar 12 confirmed the extensive and consistent nature of the phosphate beds."

Arianne Phosphate Inc.

The Mining Report Interview with Michael Berry (6/17/14) "DAN has shown the ability to deliver extremely attractive economics."

Thibaut Lepouttre, Caesars Report (6/6/14) "DAN has added an additional 78 Mmt grading 5.34% P2O5 to its resources."

Simon Rees, Mining Weekly (5/20/14) "DAN will soon be unveiling results from a recent drill campaign."

Chris Berry, Disruptive Discoveries Journal (5/16/14) "Considering its unique deposit and end user interest, the market has been overlooking DAN."

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/14) "I continue to like DAN as a development-stage play on phosphate."

The Energy Report Interview with Michael Berry (4/17/14) "DAN has a very high-grade phosphate deposit at Lac à Paul in Quebec."

Focus Ventures Ltd.

Thibaut Lepouttre, Caesars Report (4/4/14) "Reports from FCV's Bayovar 12 drill program are encouraging, signaling continuous phosphate intersection."

Mike Bandrowski, Clarus Securities (3/25/14) "FCV is well on its way to beating its initial goal of 100–150 Mmt phosphate rock at 12%–18% phosphate."

Arianne Phosphate Inc.

Brian Ostroff, Windermere Capital (3/8/14) "There have been a lot of good reasons to own DAN, including the high quality of the phosphate it produces at Lac à Paul."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/14) "DAN's Lac a Paul project has very appealing economics."

The Energy Report Interview with Bob Moriarty (2/13/14) "DAN is a stock that could go up seven to tenfold, based on today's prices."

Chris Berry, Disruptive Discoveries Journal (1/31/14) "DAN has a sound balance sheet, strong insider and institutional holders and a deposit in a favorable jurisdiction; it is substantially derisked."

Bob Moriarty, 321 Gold (1/22/14) "DAN is a takeover target, and once its share overhang is gone on Feb. 1, it would be natural for the shares to roar higher."

The Mining Report Interview with Amanda Van Dyke (1/21/14) "DAN is a great long-term investment."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/19/13) "DAN is sitting on a gold mine (OK, a phosphate mine) at Lac a Paul."

Chris Berry, Disruptive Discoveries Journal (12/13/13) "DAN's project is substantially derisked; it shows strong economics."

The Gold Report Interview with James West (12/11/13) "DAN, which just came out with a $2B NPV on its Lac à Paul deposit, is the subject of takeover talks."

James West, Midas Letter (10/29/13) "DAN certainly bears having a closer look at now."

Thibaut Lepouttre, Caesars Report (10/28/13) "DAN has increased the LOM at Lac à Paul from 17 years to almost 26 years."

The Gold Report Interview with Brian Ostroff (10/2/13) "DAN has tripled the resource at its Lac à Paul pit; it is the biggest undeveloped phosphate asset in the world."