Ann: Managing Director Resignation, page-98

Yes, but there is shallow and shallow. The area of this deposit is small for a bauxite deposit. So if also more shallow than competitors as well as smaller and land locked then the result is high probability it will never be mined. Well at least not for a long time so its holding value is minimal.

Re BHP wanting it for their production, how much do BHP currently have and how much would it cost to extend infrastructure etc? Those are the questions I'd be asking if I were a shareholder.

You are also dealing with the fact that most consumers have a large Guinea bauxite supply chain already. That has two consequences, one, they might want more when their existing reserves run out (how long will that be?) but two, they will want diversification of supply in case something goes wrong in Guinea. Just good business practice.


Re the excess silica balancing other factors....the problem is that there will still be a cost of production and on reduced numbers (including all the factors discussed) serious doubt in my mind that it will ever make the grade.


PS I would suggest this was re-released to ASX this morning because silica was left out of the original announcement...read between the lines.

PPS I don't care if u buy CAY or not. I expect them to be bought by someone else. I share my thoughts because there is not a binary outcome in investing. We can all win or lose on the same investment. I've spent an awful lot of time understanding the dynamics of the bauxite market, I've walked bauxite deposits with some great geologists, have geo training myself spent a week being escorted around by Shannon Green in constant conversation so in short, have a few clues. I've watched crooks at play and people with great ethics. Some companies I would always follow the main players, some I would never. But youe are a grown up, you can make your own choices. I'm just putting my 2c worth in.