not too bad.. decent grade low Fe content. extraction process fairly straight forward. now they have to prove they can refine it further to 4N HPA which is where the market is. i think ATC has a similar HPA resource but they are further down the track. good margins based on their feasibility studies. only thing that is capping this is the uncertainty if they can produce the higher purity alumina, further drilling required and the limited cash this company has. might have to go out there and get some investor capital to get this going.
ALY Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
