Some interesting strategic issues were mentioned which are worth highlighting. Most notably: 1) reports are getting stronger from Indonesia, that the Indo Gov't is looking to curtail Bauxite exports. Given Indo represents +70% of China Bauxite imports, this represents a significant opportunity for ABZ and will have a major impact on global Bauxite prices going forward and 2) continued reference to discussions with offtake partners throughout presentation, with company expecting to make an annoucement regarding such deals in 1Q11. With Tassie drilling results coming through as well, should be an exciting start to CY11.
ABX Price at posting:
66.5¢ Sentiment: Buy Disclosure: Held
