Robert Coenraads

Geologist - Author - Educator

Sydney, Australia

Mining & Metals

Chief Geologist

Australian Gemstone Mining Pty Ltd

January 2008 – Present 11 years 7 months

Sydney, Australia

Currently we are focusing our efforts on advancing Queensland Bauxite Limited's South Johnstone Bauxite Project near Innisfail Queensland. A preliminary scoping study prepared by Sandercock and Associates shows the project has potential to be viable. We have been granted a Minerals Development Licence over a JORC Resource at Camp Creek to allow bulk sampling. We are currently aiming for a Mining Licence in order to trial a bauxite quarrying and shipping operation.

Seems to be a very well educated and astute individual so his salary is probably justified but your right the bauxite expenditure doesn't even cover his salary. All I can think of is AGMPL is a separate entity so maybe that's why it doesn't add up. I just wish they would shelve bauxite for a year or two until the cannabis side is profitable then maybe revisit it or offload it. After 11 and a half years I don't have any confidence that it will ever amount to anything....