I like phosphate long term but MAK have a HUGE HUGE resource and NMDC is still dragging their feet, looks like no big money is interested in Northern Territory phosphate at the moment so maybe money in the bank is a better bet?
This announcement says to me that MNM have other bigger projects to get running and they don't have time to worry about Phosphate for the next few years,,,
They obviously very confident about winning Mt Mulligan and completing the JV in near future if they already getting rid of the smaller resources?
Market is down 1% and MNM is holding just fine IMO,,,we have had a good run,some short termers may be putting their money elsewhere but I think we still have a few hundred people keeping eyes closely on MNM by the look of the poster views.
I too look FWD to the REAL news, can't be that far by the look/wording of the past announcements?
I am glad they focussed on coal,,,Let Exergen get BM up and running and MNM can get Mt Mulligan going so hopefully by end of 2014 we are making cash to fund further growth...
dyor
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