37 Million Tonnes of Ore!!!, page-15

I agree with James. The bauxite is right there on the surface and in the shallows so the 37MT will be included when they come out with a JORC report.

I say included because I expect much much more than 37MT. Given the company have just extended their tenement area by nearly three times i would expect that they will show at least 100MT when the JORC finally comes out and personally I am hoping that it comes out at more like 150MT.

The grade of the assay results shows that they have got a much higher quality of bauxite than any of the other companies (MMI, MML, PBX, QBX etc) and so the ore will command a premium price. With bauxite currently at A$64.49 PT and rising Lindian's product will be in the very top tier of price brackets (see page 7 of attached Alufer pdf for details of what makes good bauxite).

The other advantage Lindian has against many of it's peers is that the bauxite is Direct Shipping Ore (DSO) which means that it does not have to be processed many times or beneficated before being shipped. In short this makes it much quicker and CHEAPER to produce. Add to this the fact that they have easy road, rail and port access and you have a top quality product that can be delivered to customers at a more profitable price than most other companies can manage.

This is the time to get in on this stock. If they release more good news on assay reports in the new license areas then this will increase significantly and then on JORC report coming out it will fly and the market will be forced to give the company a total re-rate.

For me, this is one of the most exciting opportunities on the ASX at the moment, certainly in the Bauxite sector. There is simply nothing like it in terms of current share price compared to it's future potential.