JDC's demo plant should be up and running Q1 2013. Pilot plant has been running for years, some Wonarah material has successfully been run through the pilot plant. Not sure how much if any Wonarah material they still have in Florida, suspect the need to ship some more over to run through the demo plant.
Next few months should be an exciting time for MAK. Looking like it might even reach it's potential after so many disappointments.
a) Management appears to be on the ball now. Big tick. b) Ditched dodgy environmentally risky project. Big tick c) IHP demo plant to come on line early next year. Big tick d) Sensible capital spending development plan for Wonarah (conditional on IHP) Big tick
AEV Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
