Hi Charhad 123,
A feasibility study concluded that a project based on DSO is viable in Wonarah, but MAK has decided not to proceed this option because it is trying to catch a much much bigger fish. That is, to produce a fertilizer business which require significant capital.
According to the reports, Andrew Drummond said that " he is very confident that MAK will be able to announce something on that". The time line given are as follow:-
(a) Native Title agreement for the development of Wonarah to be signed 24th Feb
(b) Asian investor to visit MAK end of Feb and will have an announcement on the asian investor by 30th March and an investment decision by end of 2nd Qtr.
As you can see, exciting times ahead for MAK. I think there will be a re-rating when the Native title agreement is sign.
Hi Charhad 123,A feasibility study concluded that a project...
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