latest moroccan rp price 117.5

As I expected RP has fallen again and is now at 117.5 USD/t
for 32% RP.Prorata discounts apply for RP at 30% bringing
the price down again to 110 USD/t.MAKS aim is 30% RP.
MAK has stated (in bidders statement to BON) that the project is only economic at 120 USD/t and AUD=.72
Unfortunately for MAK the AUD has also gone against MAK
and is now at 80 cents.This is hardly surprising considering the US situation and I would expect it to
appreciate further over the coming months.
So in AUD economic is 166.67/t (120/.72)
Currently at 30% RP 137.50/t (110/.80)
Project is clearly not going ahead based on the current
numbers and I still believe RP has much further to fall.
In the last few days alone since this report was compiled DAP has fallen by another 9%
Ref is siteresources world bank commodity report released this am.No doubt I'll get rated down for this update
because people dont like negative news about their
stock.