morocco prod target 10 years away, page-44

MAK's margins should be more than robust enough to withstand a fall in prices if that came to pass, but I can't see it returning to the levels suggested in the original post nor would a producer want to smash the market like that, like you said it would be shooting themselves in the foot. Time to production is the key and MAK's share price lives or dies on meeting production timeline since this bear market puts little value on blue sky, just near term potential. Definitely a hold for me, if they can get to market in 2 or even 3 years there would be a huge rerating between now and then --> talking multiples of current price (of course risk goes with that).