E25 2.44% 21.0¢ element 25 limited

Re: E25 Quarterly Report, page-16

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    lightbulb Created with Sketch. 74

    Fair point regarding bauxite as a low value commodity, but I hope you understand the point of view i was trying to get across - sometime companies start so small that they don't earn enough to all the companies costs. They end up making small profits and never create real shareholder value. I can think of some small UG gold mines (Andy Well of DRM and Nicholson Mine in the NT of Pantoro's).

    Interesting about the premium comment, as its only a 33% con. Anything closer to the 37% benchmark would be amazing.
 
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