doubling share price announcement, page-68

Agree with you stevenjd. Only the start. Except, I will say it will be more like a share price of $50 after initial 2 years of production. $30 only covers bottom range of annual eps from phosphate production. What about other commodities in the portfolio of mak. Presuming of course no: of shares equal around 100mil mark. Assuming 2mt/ann production, $300/t profit margin gives us gross profit of $600mil. thats $6 / share on gross. maybe $3/share on net. Trading Multiple of 10 = $30 per share for bottom range . So I reckon $50 is a good possibility. Shame I didnt buy in to mak as I watched it from 28c to 40c to 60c to 80c to over $1 to high of $2.08 then to where it is now.Just not enough funds when you need it. But definitely not too late with mak. I think in a few years time I will be looking at mak thinking $1.50 was pretty damn cheap. Mak is definitely the next fmg in my books but 1 better. Still at a great price to buy in