My impression is that the commodity we have in bauxite is not gold, iron ore etc which is booming in value at present. I know that we have an exciting discovery but bauxite global supply appears to be adequate during the Corona slowdown.
Once the JORC is completed I anticipate that the resource in Guinea can be valued and an estimate sale computed. Translate this into a dividend of x cents per share and see the sell price jump. Some are suggesting 10cents plus. Soon we may obtain a realistic estimate.
So planned announcements will be .....silica analysis followed by the JORC before FYE.
In the meantime astute investors are buying at very attractive prices.
Ann: Laboratory Confirms Stunning Alumina Grades, page-77
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