Ann: QBL is expanding its gibbsitic-bauxite portfolio, page-5

Two initial points on first glance:

1. A somewhat more precautionary approach to Morgan's resource ('04 code) estimate at Nullamulla versus the inferences made in Coenraad's Sth Johnstone resource ('12 code - wrt SJA052).  Again the numbers are nothing special from the perspective of global competitiveness.

2. The announcement goes big on calling the future of bauxite based on the Indo ban.  They might have noticed a very recent election that may change that situation.  Punters might want to be watching that for influence on the sector.