yeah Abu - MAK could be profitable at much lesser levels than the rampers have proposed and I think it might eventually become a small producer turning a modest profit....
but it's interesting to note that BHP and RIO? for instance have turned their attention to Potash not Phosphate, even though their outlays and time frames are considerable their money is going down the Potash road - maybe they realise the dominance of other players in the Phosphate market, and the impact that could have on longer term pricing?....
see, I wondered why BHP didn't take their shovels to the Georgina Basin which is reputedly Australia's biggest potential phosphate area? surely it would have been easier to dig up Queensland for phosphate if that was the go?... but they've obviously decided that phosphate is too risky?... maybe money talks?....
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