takeover premium, page-42

I've been following the MAK thread since it started, most of which it was sporadic posts here and there. I've also found it very interesting to note the shift since the herd moved in and some self interested dickheads starting to post.

For guys who think phosphate prices, and other resources, are going to revert back to 'long term' prices, what are you doing here? Many resources reached bottoms the early part of the decade that were in some cases the lowest in 200 or more years. There are some major structural shifts occuring, I'm not going to crap on about the super cycle but if you cant see these shifts go invest in the banks or something.

MAK has easily the best project among junior miners for projected returns to capex on the ASX. Compare it even to the handful of other projects held by juniors that have real potential like ARU and UMC, they still cant come close. They'll build a DAP plant within five years anyway, rendering most of the downramping points irrelevent.