100 dollars a ton is what the price is...
explain to me how you can see they are going to sell it for more....
the price of zinc fell and look what happened to ZFX, and PEM.
these marginal producers require there commodity to be at a certain level.. this is why stocks like BHP are so good.. they can shut down mines and sit on there reserves untill the price is favourable and then begin mining again...
MAK is a 1 commodity stock, so it relies on phosphate only...
If you can sit here and say phospahte is going to be $300 a ton next year... then MAK would not be 36.5 cents...
clearly shareholders are bearish on phosphate
miner urges tennant creek-mt isa rail link , page-12
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