pfs or back of envelope, page-5

What's bad about Chartor's points. I belive they are quite valid. In most cases there are cost and time blowouts with mining projects. We all know that. Chartor in my eyes is being a realist. Most of directors of the mining co's always talk up their projects, with very few projects being as good and profitable compared to what the directors initially say. For every great mininng project there are about five bad ones.

I like MAK, and I liked the JORC report yesterday and the possibility of DSO; however I knew the share price wouldn't budge in these market conditions. It also may not move much when the scoping study or PFS is completed either (possible short term spike). If this was two years ago, such an announcement as yesterday probably would have doubled the share price in 24 - 48 hours. I remember when this happened with Marathon.