the perfect storm

Is Mak about to be the perfect storm in the market. It is one of the very few mining companies with their story intact.

Looking at most mining stocks their prospects look terrible.
Junior iron ore plays will not be able to sell their product when Rio/ Bhp cannot sell all their own low cost ore.

Credit crunch means farmers hold off this season resulting in a boom in the price of soft commodities in late 2009. Just as mak is fully set up and ready to go

The cost of mining has become dramatically reduced . As A Drummond just said on BRR , Mak can pick up all the bits and pieces it needs for production at a fire sale price. Many mining operations are going belly up at the moment - there are going be plenty of cheap dongas on the market at the moment. Not to mention mining services companies scratching at the door looking for a deal. AD gave it away when he laughed and said drill companies have been contacting MAK looking for work.

The price of RP has held up. USD$300T amoungst all this carnage.

No debt.

Tantalising prospect of DSO

Mak has ticked so many boxes and just a few more to go.

Given the stock market crash, the implosion of the commodity boom and the credit crunch Mak story is intact and even more compelling then when it was trading above $2