still very cheap when you look at poz, page-10

SDG,

Personally I don't think there's any point in doing peer-to-peer comparisons against other junior speculatives. I am not wanting to know whether MAK is under-valued compared to another speculative where there can be so many different factors affecting the shareprice. I am interested in knowing, if they get to production, what value they will potentially be. Comparison of mining costs and extraction rates can then allow you to roughly estimate the sort of price target you might be looking at sometime in the future.

To me it doesn't make sense to fundamentally analyse a stock's value for failure. If I fundamentally value and think there's a high chance of failure then I won't invest in the stock no matter what its failure price will end up being (although Im sure this might benefit potential shorters).