I've got a basic dcf for MAK on other pc, but it's too early in the morning yet. more relevant maybe lying around somewhere (and it's shouldn't be too hard to find on the web) is a MAK submission to a senate inquiry a few years back basically saying the project was not going to work without the extra rail infrastructure. trucking it was too expensive.
in general though, if you apply the same logic most of the marginal bulk commodity projects (especially with the many magnetite scoping studies) trade around 5-10%, showing the market odds of the project ever getting up are really slim.
I figure it's because of the huge investment required for most bulk commodity projects, over say a base or precious metal project.
and I figure (and it seems mkt cap wise) Barrow Creek doesn't have that bigger problem given it's proximity to rail.
RUM Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
