bauxite sold u$ 50--60/t, page-4

"Market was over-excited about the news, whatever it was, there is actually nothing new compared with 1 year ago."

Sydney you are a long way off. Run these numbers

600,ooo T of Alumina x $350

$210m per annum Gross.

Within 3 years $420m per annum gross.

Lets say worst case ORD retain 20% in the project. That will give them 80 mill revenue and expanding in a few years. Initially $40m. Plus other projects and a generous PE (look at AWC) you have a potentially billion dollar company.

This aint no tin pot iron ore stock sydney

You have based your calculation on Bauxite they are selling alumina 8 x the price. Wont be long and ORD will be trading on a PE basis. SARCO will have a transparent earnings profile.