bargain, page-2

Agreed Dapper. While there are many explorers out there at cash backing or less, the prospects that MAK has with its very large phosphate resource and of being on the cutting edge of a possibly great new technology for producing a superior product, and it's investment by the likes of Vulcan, make our current cash backed sp a great entry point.

I liked this quarterly report for the honest and in-depth appraisal of where we are at. Cliff Lawrenson and the team are setting us up to run with the IHP as soon as we can once the process is commercially proven by JDC. The tenor of the report gives me great confidence in the project and in Cliff himself.