I don't wish to offend you, but in what sense does this announcement indicate a feasible project?
- The silica levels are ridiculously high for Guinea/anywhere. Without a massive *unknown variable, the Bauxite if effectively worthless.
- Guinea has the world’s largest reserves of bauxite. Guinean bauxite reserves are estimated at over 40 billion tons, 23 billion tons of which are located in the Boké region. - spoiled for choice comes to mind.
- Neither the size, grade or lack of deleterious elements make this deposit 'stand out' in a positive way.
- The company is basically a shell at the moment - they have no expertise to market the project and no capability to develop it.
- LIN only have a 51% interest in a **possibly worthless bauxite deposit.
- ***I disagree that "this ticks enough boxes to be a feasible project."
* screening - is it even going to be effective?
** I say possibly because if screening is effective and not cost prohibitive, it may be feasible to mine.
*** from the information contained in this report.
Cheers
MC
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