per share value of sarco, page-17

DFS has 14c for Alumina, 3c for coal and 1c for gold, 2c for copper.

Given the CCD deal soon to be done and dusted has export capacity of 4mt and immediate expenditure of 500m I see ORD's stake at an absolute minimum to be worth double by 2014. That does not include a PE to those earnings.

So all in all Alumina is indeed 1 part of the story. GRAM has derisked ORD hugely as they are now producing coal and soon to be lots of it.

Enough posting from me lately need to set and forget imo this will move up in the goodness of time. Very happy to be here.