Just reading the Presentation and came across some interesting calculations regarding BAU's resource potential. This is what I found.....
"Maiden 18.2Mt JORC compliant inferred
bauxite resource @ 43.1% defined (Jan
09)
Hosted in 140 km2 area out of
16,600 km2 project area"
"Exploration conducted over only 10.4 km2
area to date – substantial upside"
After a bit of calcutions BAU has the potential of having over 2 Billion Tonnes of high grade Bauxite in there tenements. Has anyone else been able to find this? Or am I wrong?
interesting calculation
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