bby on lateline business, page-5

The fact that it is the top performer is the very reason nobody would recommend it - what goes up usually eventually comes down. I liken MAK's and RWD's meteoric SP rise to the U bubble - It will retrace back to a more realistic value once realistic feasibility studies have shown the true NPV and time to production of significant commercial quantities and then reality sets in, particularly when you see the big boys in Phosphate in Morocco are ramping up to do what BHP/RIO/CVRD will do to their iron ore competitors in a few years time - sell them out of the market by getting in first and dropping the price.

IMO phosphate will be back to long-term prices once this production comes on line and MAKs share price will follow it - like all good bubbles must end.

Phosphate is everywhere and plentful, like iron ore, so any price increase can only be short-lived.