Joking right? Where do they get that valuation from- it's a whole lot more than that clearly.
65 MIL Tonnes (ord's share) of Bauxite worth $80 mil what are they saying now, a dollar a tonne? No I don't think so-try $40-$50 A TONNE minimum.
I think we need to be careful here with sketchy valuations from the Chinese who might want to undercut the value in order to get cheap alumina.
a very clear and direct reminder, page-6
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