AMZ: Much-Needed Supply of Specialty Fertilizer

STEVEN GOLD, Clarus Securities Inc. (05/06/2010)
"We are initiating coverage on Amazon Mining Plc. with a SPECULATIVE BUY recommendation and 12-month target price of $3.00 per share.
The company's Cerrado Verdete project could bring a much-needed supply of specialty fertilizer to the supply deficient Brazilian market. Despite early stage, the company has development agreements with partners including multinational steel producer, ArcelorMittal. It has a unique slow-release, multinutrient, non-chloride product ideal for Brazilian soils; an estimated initial resource of 100mt+ with multibillion-ton potential. Recent drill programs show K2O grade of >10%, as well as other key nutrients like calcium, magnesium, phosphate and sulfur. . ."

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