galileo, when MAK do have a phosphate business running in 2-3 yrs time as you suggest, don't you reckon the SP will be many times greater than the present SP ??
I for one I am not going to wait and miss out.
Look at FMG. If you waited till production starts before investing, you missed out on > 1000% SP rise.
Sure, there's a risk MAK might go wrong ( unlikely IMO ) and I'll lose, but them's the breaks, can always use a tax loss anyway.
fertilizer supply tight for next 4 to 6 years, page-28
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