there seems to be a general feeling that phophate prices will not keep increasing over time but are likely to fall - but to what level is anyone's guess.... I can't see the Moroccans absolutely shooting themselves in the foot - and a lot of what they are saying about bringing down fertiliser prices is geopolitical stuff.... but the price is sure to fall off to some degree as has been suggested many times before....
which brings me to my main concern about MAK - can MAK become a producer by 2010?.... if it does, it will be the slickest mining operator I've ever come across - most greenfields projects take about 5 years to get to production....
morocco prod target 10 years away, page-43
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