The company will be undervalued as a speccie stock until it reaches $2. That will place the cap at 200mil fully diluted. Look at the prospect of profits from $230 per tonne phosphate a maximum cost of shipping and producing at $100 per tonne. They will mine 2MT per year. That puts this out at 260 mil profit per year. $2 for the speccy with a Jorc resource is not out of the question, especially with the upside on the price of rock phosphate.
why mak is the real deal, page-6
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