coal is the only project to validate this company.
There is no Phospahte deposit at present,
the run, is just on hype.
They may in time drill up a resource, but hold for coal only.
People expecting a run like MAKs are dreaming.
MAK has a rio tinto resource, these spec ends do not.
Undeinably some will buy on the MAK dream, but, when reality of drilling a jorc is ahead of them, and MAK is proceeding to mine, frustration will burn many.
Worth the hold imo for coal, upside for sure if they find something.
But beware of buying into a run, that many will wake up to no jorc or drills to speak of.
Cheers
MNM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
