charbs,Firstly, the ramps have been on the tail of news from MAK...

charbs,

Firstly, the ramps have been on the tail of news from MAK and in any case are based on facts. For example, the initial tonnage is based on RIO data not MAK, so immediately we know that there is something there.

Secondly, phosphate has been lingering at modest levels for a decade - now with droughts and floods, tornadoes and tsunamis, wars and increasing world population, etc., etc., it is no wonder that this vital material has risen in price. It is very doubtful that phosphate will fall in price between now and when MAK go to production, however even at $200/t, the upside is staggering.

Thirdly, I beleieve that when MAK has a look at what is there, is the resources are confirmed, they will not wait for 2 years for production - they will expedite their plans and it will come online within 18 months or so - the upside on a confirmed resource would be just to great for them not to.

Finally, the sp will rocket if the resource is confirmed, so a price of $1.25 is on the low side - probably more like $3 or $4 after confirmation, then doubling when a revised production plan is announced - then who knows?

All IMHO of course...