there's more to mak than phosphate, page-5

i think that mak is trying to farm out the i/o?

its always good to keep some other interests in the portfolio, until the RP production has been up and running for a few years, and the economics prove sustainable.

If mak manage to use the first couple of years to get the rail upgrades paid for, that will allow 6mtpa,, and at a lower cost basis.

Its a different question if we get taken over???

What happens to these other assets,,, the right price, i dont think anyone would care.

But if you saw a t/o coming, and wanted to preserve the other assets, then i agree, senoj, puting all the RP into a wholey owned duaghter company, and when it is sold, that the proceeds would get distributed to share holders in part.

The problem is, tax. If a company sells an asset, is there a tax liability?, so then you would have mak taking out tax, then a partial payout to shareholders,,,,have a look at the what happened to the stock price, any special dividend that was paid to cape lambert iron. CFE.

Bugger all really, cw the value that they would have got if they had got to production.

Best for shareholders, is to skip all that an just an out right t/o, where we get real value, 3,4,5 bucks etc.

Back to the thread topic,,,,

The other projects,,, best really to do farm outs so that there is mimimal drag on maks bottom line.

The V line to success for MAK is get DSO into production.

ANd can then use profits to re-invent itself. It can become a predator if it wants with the revenues we are talking about.

But maks best game plane is DSO, and use that money to upgrade proudction, so we transform from 1mtpa to 3mtpa to 6mtpa even lower cost producer.

Probably a good idea to spend a little on Monia, or any of the low capex plays.

Just really avoid spending any of maks devleopment dollars on high capex of other projects. Farm them ones out.

cheers