I agree with you Battlah, with the prospects that MAK has, the...

I agree with you Battlah, with the prospects that MAK has, the size of our resource and the cash on hand, we are vastly underrated in comparison to our peers.

RUM actually has 548m tonnes of phosphate now that it has control and will take over CEN. Also don't forget about RUM's potash project, which the market will be giving a large bit of that value to as well.

Despite its closer proximity to the rail, I don't think that RUM's Ammaroo has got as much potential as Wonarah, transporting bulk phosphate even this distance will prove prohibitive at today's rock phosphate prices. MAK will only be viable due to the value adding of producing SPA with IHP. In that respect we will be miles ahead of any developing phosphate peers in Australia.

Your previous post on the other thread Battlah is right on. Things will change rapidly for the Wonarah project once IHP is proven commercially. A good buy at this price and point in time is my take on it too.