very little reaction, page-9

I thought the OPEX would be lower, but MOST ppl thought it would be ~A$150/t - which I still think is being too conservative.

Also using spot RP price of US$150 still makes about A$80/t profit in today's terms - still quite profitable. However spot prices are notorious for rising quicklyu, so its only an indicator.

As to ppl saying A$ value will change, i.e. US goes down, A$ goes up, it would seem that there is always going to be a spread and/or arbitrage in there somewhere, however since the A$ was floated it spends most of its time below the US$, which can only help MAK. Still, you can only go on today's figures and in that case the figures are good.

Mine life is huge, even at say 10mt a year, well over 40 years but at just 6Mt, its 66 years - either way its going to be a long time with profit probably year after year.

So, overall MAK has the goods, provided the RP prices stays favorable - which given a finite resource, increasing world population and the need for alternative fuels, is most likely going to be the case...