In relation to Rkwt 1956,
I personally enjoy investing in speccies as thats where the big money comes from. Just remember PDN and FMG were speccies a few years ago.
Looking at the stocks you were holding
SDL - large Fe resource in Cameroon, need $1.5 Billion for infrastructure and the T/O by GBG fell through
RAU - everything hinged on Mt Carbine
BLR - stopped following them when Uranium came off
Now compare MAK to those companies.
If we ignored all other projects MAK has for now besides the rock phosphate.
We know capex is around 30m (no where near SDL's) and cost of production are $80-$100 per tonne with a possible margin of $100+
MAK 100% own the project unlike RAU with Mt carbine. Although I recall reading RIO has a 10% buy back incorporated.
Rock phosphate is in hot demand and is likely to grow.
MAK say they will be producing in 2 years time.
So if you compare the other stocks to MAK you may see why MAK is in a different situation. The share price may fall but that will only make it stronger in the coming weeks as I believe it will test $1+ with positive info.
This was just the rock phosphate, tin and tungsten and Fluro look very good also.
I hold MAKO and will gladly top up if it falls
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