mak on dow jones ... rare for specs to feature, page-2

Well after that bashing today i guess one of the positives is that MAK would be on a p/e of about 0.2 now rather than 0.3

But assuming A$100/ton profit on 3 million tons a year, MAK is trading on a minuscule p/e ratio of about 0.3x. And Wonarah is only one of many potential developments that cover iron ore, tin & tungsten, fluorite. In longer-term, Minemakers has scope to get much bigger. (DWR)


Will be interesting to see what the market makes of the fluorspar announcement when it comes out.

It may have been the dow jones alert that pushed mak too far...the speeding ticket not having any news also helped the fall gain momentum.

As dow jones said a correction was due...so for those panic merchants the worst part of the correction should be over for now.

I will look to accumulate between $1.20-$1.50 short term and higher prices from there as time goes on