Impessive results Soulbrother.
Does anyone know (or guess) what percentage of total land (8000km2) would have this 5.3Mt/km2 of bauxite? Is 1% a resonable assumption?
From my clacs, this would leave approx 8000x0.01 x5.3Mt = 424Mt of bauxite.
With bauxite at $75/t and extraction/shipping costs at $16.50/t this would leave us with approx $24.8b of bauxite. Am i missing something here? This is also assuming that all tenements are granted.
Jethro73, What is DSO? and where did you come up with 100mt.
Cheers Deano
chat with luke atkins, page-9
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