Wednesday, November 26, 2008
Minemakers CEO at AGM - Why Minemakers is best phosphate play
At the Minemakers (ASX:MAK) annual general meeting today, Managing Director Andrew Drummond indicated to the meeting, "why Minemakers is Australia's best developing phosphate play":
Large JORC compliant inferred resource of 203Mt of phosphate. Only 15% of the known system has been tested so far. Substantial resource increases "are expected to be announced by year end"
Best infrastructure position - development favoured by key infrastructure already in place
Closest to a public highway
Nearest to a railway line with spare capacity (except Arafura)
Access to a port with necessary capacity from 2010
Granted tenements
No Native Title Issues
Fastest to significant production (aiming for 2010)
Cheapest CAPEX potential
Only pure phosphate play with government Major Project Status
Minemakers closed at 52.5 cents.
http://www.proactiveinvestors.com.au/companies/news/452/minemakers-ceo-at-agm-why-minemakers-is-best-phosphate-play-0452.html
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