things come into shortage and over supply depending on our...

things come into shortage and over supply depending on our perceptions about supply, these perceptions are reflected in price, price creates incentive to find more supply then folk go looking for it, in between time shortages occur and prices go up until the supply shortage is commercially addressed.

Bull market are not called bull for nothing, they never go straight up , they climb a wall of worry and try and buck you off all the way up, they may even crash oa couple of times on the way up

of course there is enough phosphate for 300 years, thats not the point, the point is can demand meet supply in the 5 year time frame, can MAK be up and running within 2 years to take advantage of the shortage, will bio fuel elongate the shortage by increasing arable land and long term demand? will Peak Oil increase the demand for biofuels?

lol all these competing issues to weigh up

the point with MAK are the following a)it still has a relatively low market cap b)MAK has a mountain of phosphate and its relatively easy to dig and ship it c)Australia is relatively stable to other regions geopolitically d)extra demand looks to be a fact of life in the short to medium term f) low capital cost to rocks and roll e)MAKs not just about Phosphate Tin and Tungsten are undergoing off the shart demand f) Asia region haulage cost advantage over Nth African sources g)nothing in Asia as well advanced as MAK so its the leader in those likely to come on line h) no real solution in the medium term for liquid fuel shortages than biofuel (if the peak oil folk are right then biofuels the only thing that can scale and to do that you need fertilizer)
h) great management

so stop worry folks this is an easy one when it gets over valued then we can worry but till then its all good :)