I think we may see a further run up as we get closer to results from aruwurra and i agree if results are poor a drop in price will occur
The point regarding off takes with china re fmg is a good one,I also think that mak might announce something similar once jorc is confirmed at least for the first year
The beauty of mak compared to fmg is the low cap ex, mak doesnt need a rail line or to build a port
In the long run maks biggest negative is a return to $100.00 rock phospate and thats imho where research needs to be done
Look forward to further comments
allow me to play devils advicate for a minute, page-3
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