They are ramping up to at least a 5mtpa operation so, with a...

They are ramping up to at least a 5mtpa operation so, with a rough 50us$ per ton, that's 370m$au in revenue per year from bauxite alone.

But that's for your average ore, we should be getting a decent premium considering we achieved 58.4% Aluminium oxyde and 2.8% silica post-screening, so revenue could be a bit higher.

The window is very tight indeed to start delivering in 2025. Thankfully, it's a simple mine screen ship operation. No complex plant involved, low capex, use contractors, quick start-up, easy cash.

This is a very good piece of news.