That target is short term and the first of many. The target price gets moved up accordingly as prices are met.
Your calculations are very good at $10 per ton profit based on a very low Phosphate rock price. One billion tons does relate to $44-$88 per share.
When the Phosphate Rock prices increase from the lows, what does that do to the share price?
Welcome aboard. I hope you pick up some of the few remaining float shares before the insiders beat you to it. It appears the insiders own over 80% as of to-day..........