Break-even at best - Not economical at worst...
We need a PFS before we can honestly comment on cost base (OPEX).
Mak needs to be producing within 2010-2012... Or the risk expands greatly.
I'll definitely continue to hold for now - Phosphate price is still in an uptrend and no new supply has been forecast before 2010.
Pat
mak may be too late, page-31
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