... And your capex and mining fleet costs would be recovered in 3 years? what about the other drills which are also extrapolated? (a total of 96% of the resource is extrapolated beyond 200m infill drill limit if you read the resource statement).
What about the fact the resource is spread over 9km2, which means mine planning and rehab will be a huge cost.
How about processing, its only got an average active alumina content of 30% which is not DSO quality (DSO usually sits around 45%)?
This will be my last post as I'm not going to do your research for you. There is a reason this venture is worth almost zero despite a massive bauxite price rise in recent history.
QBL Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
