While the global macro-economic environment shows tentative...

While the global macro-economic environment shows tentative signs of recovery thru various positive manufacturing indicators in the US, China, India & even the UK has improved, the ag-sector is looking even more positive. Grain futures have been improving of late with Chicago corn at $6.585/bu, wheat $6.57/bu & soybeans $12.275/bu. In overnight trade Mosaic up 4.28%, Potash Corp up 5.94% & Agrium up 5.98%.

If the global economic environment can continue it's slow (but hopefully steady) recovery, then we MAK-holders are positioned beautifully for some solid SP gains as the company transitions to producer over the next few years, firstly in Namibia & then here at home with Wonarah.

And yes, Stated-owned NMDC (India's largest IO miner) is key to our current strategy, and everything appears on track in this regard, despite it going slower than hoped.

All in all, IMO the stars are alligning for an exciting 2012 & 2013 as MAK comes of age.

Good luck to all.
Cheers