IMO the Australian Energy AGM on Wednesday is almost certain to approve the bauxite deal. Reason - AEC have their hands full - to the tune of US$30 billion worth of orders in their coal seam/urea technology.
When it does, and when we know the valuation details, MKY will be (at an sp of currently sub 2c)a bargain basement bauxite explorer! Through my research on Delminco's tenements I've got a fair idea of size of holding. To put into perspective, here are some other bauxite plays in Aust and their current sp
BAU - 6,625sq k - sp currently 24c high of 65c
HRS - 4,214sq k - sp currently 16c high of 42c
MLM - 2,500sq k - sp currently 38c high of 78c
(RIO's Weipa mine lease is 2,500 sqk)
Weipa bauxite is also of a higher quality than those in BAU's WA leases
MKY
mky resources ltd
IMO the Australian Energy AGM on Wednesday is almost certain to...
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