All Time High of 31c Tested again !, page-9

Sounds like some massive profits to be made here imo.


http://www.asx.com.au/asxpdf/20140612/pdf/42q5jnq97gksjv.pdf


12th June 2014 Exploration Results Confirm Significant Bauxite Resource at South Johnstone.


“The over 30 million tonne resource already identified from these initial results received is already sufficient for a major bauxite DSO export operation. The Company would initially look to ship approximately 5 million tonnes per year through Mourilyan Port. Based on current reported bauxite prices, an export operation of 5Mt per year of bauxite would mean revenue of between $200- 300 million per annum.”

Low Cost – High Revenue:
“Bauxite export prices have been recently reported at around $60 per tonne with surface deposit bauxite mining reported by other companies to cost around $10 per tonne in addition to transportation and port costs.”