What europhia? Ppl holding MAK now are expecting big things from the coy and the drilling results, such as they have been presented, look very good and the mine plan looks to be on track - so no, MAK SH aren't running on europhia, they are running on rational expectation.
Financing may be an issue in the current climate, however I don't believe MAK will have any issues getting the (limited) finance they need to start to mine, as the sector is well regarded.
However, I do pity those SH selling out on the basis of FUD posted by a number of, shall we say, ppl trying to save SH from ruin?
pfs or back of envelope, page-28
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