All Time High of 31c Tested again !, page-3

What could cause such an enormous market reaction?

It was the acquisition of the very same bauxite projects that QBL are now rapidly moving towards highly profitable production.

On the 25th June 2010, QBL revealed its proposed acquisition of 80% of the South Johnstone bauxite province in Queensland from Volcan Holdings, a NASDAQ listed company.

It would also acquire 80% of the Ravenshoe, Ravenshoe East and Atherton bauxite projects.

You can see just how close the projects are to shipping ports and rail, especially South Johnstone.

In fact, a railway and a network of roads run directly through the tenement to the Mourilyan deep water port, which is capable of berthing 40-50 tonne vessels.

And as luck would have it, there are two alumina refineries, and an aluminium smelter, just down the coast at Gladstone.

It’s almost too easy.

Given new developments at South Johnstone, and the bauxite supply/demand imbalance, QBL could, in the not too distant future, be re-testing the 31c high it achieved on 3rd February, 2011.

Disallowed, anyone?

When compared to the market cap and metrics of ABX, there is definitely that potential