VAN 0.00% 4.7¢ vango mining limited

how high, page-35

  1. 218 Posts.
    Watching ORD at this level reminds me of BAU at 40 cents Kevi

    It's so cheap that you start to question yourself saying, "what am i missing"?
    "Is this a dog and i just can't see it"?

    The answer is a firm NO. It's no dog It's a cracker and time will prove that.

    And interesting article i've posted below about the development of a Bauxite mine in Cameroon.
    What's the relivance you ask?
    Only the fact they are willing to tip 5 Billion dollars into a project.

    Makes me think we are sitting on a fortune with ORD i'd say..

    Good luck to all holders. Your kids will thank you for throwing some of these in the bottom draw in years to come.

    News Article:
    - Rio Tinto Alcan (RIO.L) is a partner with Cameroon's government in Alucam, an operation scheduled to include a 1 million tonne aluminium smelter at Kribi. Rio has said the project, including a 1,000 megawatt hydroelectric dam to power the smelter, will cost 140 billion CFA francs ($317.6 million). Construction timeline is 2015-18.
    - U.S. firm Hydromines, the United Arab Emirates's Dubai Aluminium (DUBAL) and India's Hindalco Industries have formed Cameroon Alumina Limited (CAL), a bauxite mining operation. The consortium says it has found 550 million tonnes of bauxite and is targeting at least another 200 million tonnes.
    With start-up planned for 2013, the consortium plans to invest $5-6 billion in a bauxite mining and refinery project at Ngaoundal, north of the capital, Yaounde, and a railway linking the project to the port of Kribi, 860 km away. The expected bauxite output is 4.5-9 million tonnes per annum.


 
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