rock phosphate rises to $110 us fob morrocco, page-9

jdvictoria and others : I personally thought that the Quarterly was very disappoointing - just the usual platitudes about how well progress was going - really nothing new at all except for a tad more information on some of their other projects , which seem to be on the back-burner while all eyes are focussed ( correctly ) on Wonarah . As I have said many times in these posts , what the market needs is an estimated valuation of each of the projects so that an assessment can be made of fair value for this stock ( ie refer to CFE for " how to do it " ) .

MAK is the worst single performer over the past 6 months as against the ASX 200 , which is a fair guide of the market's disappointment with the lack of valuation metrics . HOPEFULLY some indications of VALUE will emerge when the pre-feasibility /scoping study is released by year end. To repeat myself again , the market is not interested in resource tonnages , it wants to know what they are worth in $ terms . IMO this is the only way to raise the disgracefully lagging SP .