T98 I cant really advise you on what to do..all I know is that the stock has enormous potential in bauxite,copper and gold and is backed by the Chinese however it is still regarded as a Speculative Small Cap buy until JORC compliance is finalised on all projects. I will reiterate my analysis of the Laos situation. I also await eagerly for an update on Copper Flats;
Have looked at who ORDs JV partner is? NFC (Chinese)
For comparison Pan and Oxiana have done great work however they are not in partnership with the Chinese government. And are not dealing in the most tightly held commodity in the world. BHP is not looking at Rio just for Iron ore, it wants Alumina/Aluminium and can't get it. Rio has just completed Alcan one of the biggest takeovers ever. What was the product? Aluminum. Rusal/Susal what was the product? Aluminium. Copper, gold and iron ore do not generate this type of massive transaction at the moment and there is one reason. It is everywhere and capacity, in the case of iron ore is increasing tenfold over the next few years. Aluminium capacity is not, China will run out in 2015 and is looking for more. BHP, Rio, Rusal, who generate 80% of all alumina, know this and all know about the Bolaven Plateau. Why don't they move on it? Because their customer China already owns it and they got in too late. Are they looking for areas around it? Yes they are, they own bauxite in Cambodia and Vietnam.
The Bolaven plateau bauxite resource looks big enough to support the building of infrastructure and who will build it? The chinese. The Bolaven has Hydro power, the Trans Asia railway will be built within 200km of it giving access to china. The quality is better than the darling range and is 3000km closer to China.
This is a 50 to 100 year resource project not a ten year one so one needs broaden their mind and understand super major thinking not mid cap thinking.
VAN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
