Karp - "We continue to greatly appreciate the ongoing support provided by TransAsia. It has always been an outstanding financing partner for Manuka and it continues to strongly back our growth strategy and recent acquisition"
Well if MKR can somehow pull the rabbit out of the hat and make the iron sands project work, and even if you double their estimated costs, they will be making a lot of money. $500M US revenue per year from the iron ore alone with estimated costs of $100M US . Maybe you could double that revenue with the vanadium and be looking at potential profits of $1B US per year. You can see why TransAsia might be interesting in kicking the can another year down the road to see what happens.
MKR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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