Have a read of IRM's announcement. They are looking at gaining...

Have a read of IRM's announcement. They are looking at gaining control of suspended company Aluminex which ownes 1100KM square to the north of Perth. Its spot bang in the middle of BAU land holdings and would be a perfect addition to BAU's current arsenal.

Aluminex reckoned 50 MT bauxite at 42%.

I think IRM are looking at cashing in on BAU's contacts or hopefully BAU could look at a take over of IRM and become an even bigger force.

Unfortunately IRM and Aluminex are very closely related so this land won't come cheap...