todays outlook, page-33

ipl has a ginormous sp and a mkt cap of over 8 billion. it will be diluted as dxl merger is there

mak may actually make more money than ipl. funny world this. mak is the most advanced phosphate and fertiliser development company on asx. i see 3-4mT production. the only thing buggign me (and other folks) is the 460km road haul ""round trip"". If they can clarify this should be good. Also grade of ore, and whether it can be upgraded to 30% without loss in recovery. the rail part is certainly the eassy bit. theres spare capacity on that rail line. OMH and TTY r using it fine.