Ann: Request For Voluntary Suspension extension 7 days, page-187

First 187 Last

Share
Profile

Follow
Hanno

124 Posts.

34

12/05/18

23:00

Post #: 33057979
Share

Originally posted by nihilism ↑

This is really a non issue imo.

Red mud is actually at the alumina plant not at the bauxite side (i.e. if they sell to China then the red mud will be in China, not Australia). Similar to Gladstone, if you go to an aerial view of Queensland alumina limited plant you'll be able to spot the red mud dam very easily (It's been operating since 1963)

Also the major obstacles to the qbl bauxite is going to be grade - both their alumina content and reactive silica are far worse than other bauxites worldwide and processing is extremely expensive so grade counts more than in other lme metals.

And on the safety side - truck haulage through town into that port is just a disaster waiting to happen. The locals will want them to build a railway and do it properly I think which means that capex/opex study is going to be very far out.

Combine that with shipping and loading costs, it just won't have the roi/npv it needs.

I think they knew that or they wouldn't have gone into cannabis. And it seems (to the very untrained eye) that there is a lot more hope on this venture and no immediate red flags.

Expand

Hi mate, respect your views, but why would QBL have sent a team to China to discuss bauxite then? You may well know more than me on this, so just asking. Cheers.

QBL Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Tuesday's HotCopper trends: Sayona intercepts, Bowen Coking crisis | July 15

WIN

'Incorrect datasets': Old irony sets WIN Metals up for golden opportunity at Emjay

AII

Inside the depths of Panasqueira: A legacy carved in rock

ASX Market Close: Tariff fatigue truly evident; RBA eftpos proposal sinks Tyro

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 187 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Request For Voluntary Suspension extension 7 days, page-187

Top Stories

Tuesday's HotCopper trends: Sayona intercepts, Bowen Coking crisis | July 15

'Incorrect datasets': Old irony sets WIN Metals up for golden opportunity at Emjay

Inside the depths of Panasqueira: A legacy carved in rock

ASX Market Close: Tariff fatigue truly evident; RBA eftpos proposal sinks Tyro

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Featured News