CAY post CR, page-60

I had a quick look at AKM and the only real similarity I see is they will both ship product via rail.

AKM is coal, just a little different to bauxite (which I'm sure you know).

CAY have a rail line within a few kilometres of their prospective mining area so much less head wind there.

Also, on the bauxite front, CAY's bauxite is not only large volume and starting at or near surface but also low impurity which means "...The Minim Martap bauxite is suitable for processing in low temperature refineries." ala the Chinese...(nudge, wink).

I understand the zero risk approach you are taking but I am much more interested in the 'full' profits of holding from now to development or takeover. The takeover scenario is far more likely IMO as the resource will be so large some will not be able to resist the temptation.

That is why I think sometime in the next 6 to 12 months we will likely see an offer of $2 to $3 per share or more and why I chose not to be a non-holder over this period.

Keenly awaiting development news and upward revisions of the JORC