Let's start a new post and can I please request that we shall share only QBL fundamentals here and nothing else.... For some one who does not agree with its fundamentals please back it by some fundamentals as well... Thanks and appreciated...
In my opinion which is backed by Hartley's research report came out in February discussing the potential of another bauxite company CAY....
According to that report QBL has the highest resource potential ranging some where between 400-450 million tonne... Other 3 bauxite companies listed on ASX has less resource potential. However, this report was months before our latest results. We now know that we have a potential some where between 300-1000 million tonnes.
The resource is near surface and closest to port in Australia. The grade is low however good enough to produce some revenue. Extensive drilling program to start which means we may see higher grades as well.
We we also own a gold lease in WA and 4 million in cash. We have no liabilities and a very tight register. Some 100 million shares are owned by management. Taking about management reminds me some great name... However, our non executive director Russell has 30 years of Bauxite and Alumina industry. Has been involved with Bauxite productions of 13 million per tonne, 11 million per tonne and 23 million per tonne. We all know about Sholom and Pnina....
We also have some nice coal leases. Field works have been conducted and drilling about to start either June or July...
Let's see what future will bring us holders but looks really good to me...
cheers
QBL Price at posting:
5.9¢ Sentiment: None Disclosure: Unspecified
