lcy, nmdc and haw, page-178

Captain,
I got into a small LCY holding when I came to believe it was to be the vehicle for holding MAK. Partially on the strength of insistance of LCY holders on same.

I exited as I came to relaise on further information, most notably, page 4 of the MAK quarterly, I was mistaken. The funds were better off directly in MAK. I have sufficient exposure to Low impurity magnetite close to infrastructure elsewhere but not yet funded.

As to what MAK is worth. I do not know the potential is uncapped? It could be the equivalent of another IPL. The exact method funding and where and what the plant will be is unclear.

I expect to take to retirement (worth $1.50 in 4-5 years a 5 to 10 bagger). Through experience I haven't over-committed to it. It rates very highly on the 20+ small stocks, whose risk return characteritics combine to meet my overall risk position (along with vearous other assets and asset classes). My measured risk profile is above 90% of normal invesors.I have 25 years+ experience including in metallurgy and geology and business. Sorry to dissapoint you.