"Lol Bongo, now that is a stretch, perhaps if had already built a 110million benefication plant that didn't actually work, had no cash, only one project and up to the eyeballs in C-note debt we could have a comparison."
That is exactly the scenario that awaits MAK if they waste capital (shareholder funds and huge borrowings) on an uneconomical resource.
$20M is shareholder equity has already vaporised.
A new 12 month low today?
rock phosphate rises to $110 us fob morrocco, page-18
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