You haven't read enough, or you at least misunderstand why people are interested in this co.
MAK is a phosphate play above all else, and they know how much there is and roughly how much it will cost to mine. It's an advanced stage project. The co. is valued currently at what? $200M roughly?
MLX, correct me if I'm wrong, is mostly base metals, and they have no idea what phosphate resource they have. The cap is about 2.5 times MAK's, so you'd expect them to be closer to production.
This is a clear distinction investors can make depending on what commodity they're interested in. If you want phosphate go for MAK, tin go for MLX.
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