This is why I bought this stock a year ago so stoked! Bring on 6c

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cambodia1

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10/09/17

14:06

Post #: 27114153
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Originally posted by 708 ↑

http://www.abnnewswire.net/press/en...Authority-for-the-MDL-Work-Program-89909.html

The next stage in the project, is to wait for the decision on the MDL grant while still working towards Mining Lease (ML) applications to allow for mining of all the identified bauxite ore resources at Camp Creek.

The bauxite mineralisation at South Johnstone being close to surface and right off the main highway adjacent to port, close to the Asian markets, means that the Company's capital and operational costs are estimated to be of the lowest cost bauxite projects. As previously reported in the Company's released scoping study, capital expenditure is expected to be only approximately $5 million, and operating expenditure is expected to be only AUD$20.87 per tonne FOB Mourilyan Harbour.

For the full summary of the scoping study please see the announcement released by the Company on 29 December 2014 which can be accessed using the following link:

http://abnnewswire.net/lnk/N7TH05FJ

The operational results from the working of the MDL will be a key part of the overall strategy to develop an export operation in a staged development of South Johnstone that allows for long term mining and export on a prospect by prospect basis at low cost within the entire project area.

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This is why I bought this stock a year ago so stoked! Bring on 6c

QBL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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