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mak what is their resouce size, page-8

  1. DSD
    15,812 Posts.
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    OK. Have subsequently read that MAK have put out a "correction." Disheartening that a public company can be so slap-dash and make a total ballsup of their resource.
    1.9 Billion is very very far from 72 million. Have noticed this is not the first time MAK have mucked-up an announcement. They must improve their control and methodology as they will damage their reputation and credibility in the market. The MAK SP is very volatile and buyers need certantity. The ASX is liitered with the corpes of companies who promised much and never delivered.

    Re those who reckon the low grade RP is valuable. The low grade RP at 14% is worth a fraction of the stuff at 23%. It costs almost twice as much to transport per unit of active ingredient and to process into MAP and DAP is far more costly.
    I am buying based on the RP resource of 23%.
    I doubt the 14% stuff will ever be mined.
 
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