MAK SP is currently 61 cents. A Scoping study is due in December (read the latest announcement) on the back of a significant increase in the underlying ore.
MAK has increased the amount of Rock Phosphate from 70 MT to 200MT. 1 MT is valued at around 400-450 US at the moment.
Scoping study due in December will have a second updated JORC from the Main Zone which is only 20 kms from yesterdays result. This will increase the Total JORC to 350MT based on HC posters calcs and how close they came to the last on (cheers Phil1).
The scoping study is going to show a massively profitable mine with a low requirement for Capital (Less than 100mil).
Short Term investors want to be ahead of the scoping announcement, it is definitely going to be a game changer. There is nothing on the Australian mining front that is going to be this big in the next 18 months.
price doubling announcement due next month
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