the question everyone has strangely ignored, page-7

No Saracen I never stated that I believe the costs per unit would remain constant while going from a 10k to 1000k DSO operation. However, given that MAK states this 3m AuD is only for excavation costs and we still don't have a DSO/t number nor even a breakdown of what that 3m is for, some are bound to wonder just how this fits with ADs 'profitable at current (unspecified) RP prices' remark. I'm a former holder and do believe that the Fert market will turn over the next few years but will remain unwilling to reinvest in MAK until some more concrete and detailed opex numbers are available. I'm still suspicious that Meob may be a cheaper DSO operation - from memory the original numbers BON quoted for dredging etc were under the historical RP price - and wonder whether Wonarah isn't a resource that will require a well capitalised bulk commodity major to make it profitable (ie rail/5+mt per annum/4-5year payback)? Obviously I dont work for MAK; am not privy to their 'commercially confidential' information; nor have I ever personally setup a bulk mining enterprise. However I have invested in several companies which have successfully tread this path but unfortunately I just don't see the same progress and detail from MAK that I would have hoped.

MAK are spending a figure equal to 10m shares in the SPP (aprox 5% of the company) giving bulk (free? - they have never confirmed this to shareholders) samples to potential customers but are yet to actually give shareholders the courtesy of an OPEX breakdown. If they have allowed 3m for 10k DSO excavation they must have a good handle on how much excavation of 1000k would be? Why don't they inform shareholders - every other company 'targeting production' in less than 12 months would have? No wonder there is general market skepticism!