Well I am very bearish in terms of the general market. If you...

Well I am very bearish in terms of the general market. If you look at the All Ords chart for the last year, the consistent decline is unprecedented. The years ahead is going to be very difficult for many. Its at these times that it is even more important to choose your investment wisely. I just can't see with the change in equilibrium in terms of phosphate availability and world growth that MAK cannot be profitable when they begin mining in around 2 years time (give or take a few months). But there is risk, no-one can reasonably deny that.