prices rp, page-7

Browny,

If MAK sells their RP anywhere close to the Moroccan price then people may as well go and buy Moroccan.

To be honest I would hate for the price of RP to drop to such levels where the only way that MAK can profit in a minuscule way is through a $10-$30 freight savings incentive.


I would have sold out long before that.

I don't see this as being the case anyway so I think that we are delving into territory that will never be chartered.

At a RP price of US$230/t MAK will have a profit margin of at least US$100/t.

I calculate that after royalties and tax the share price will still be at least $20 with a PE of 12 even if the price of RP drops to that level.

I'll be very happy with that.

:)