jmca,
Please refer to the following for Ma'aden's project and country risk re W.Sahara.
http://www.theoildrum.com/node/4275
http://energytechstocks.com.previewmysite.com/wp/?p=1488
Minemakers is projecting to come on stream at 3m tonnes per year mid 2010 at an opex of $100 per tonne. With the current price at $450 per tonne, you can do the maths vs the current market cap.
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- note on rp prices q3 2008 fob morocco 450 500
note on rp prices q3 2008 fob morocco 450 500, page-39
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