When Chalco bid for the Aurukun bauxite leases they weren't alone.......
"Ten of the world's alumina producers comprising Alcan, Alcoa, BHP Billiton, Comalco, Brazil's CVRD, Hindalco, Hydro Aluminium, Mitsubishi Corporation, Russian Aluminium, and Xstrata were all reportedly interested in the 650 million tonne project"
......with the likes of these corporate giants scrambling to get a slice of Weipa bauxite, MKY won't have any difficulty attracting interest in its bauxite tenements.
I am looking forward to seeing the valuation, in terms of a resource estimate. Remember, this will have to be released prior to MKY's AGM next month - shareholders have to know all the details prior to voting.
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When Chalco bid for the Aurukun bauxite leases they weren't...
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