ASQ 0.00% 2.4¢ australian silica quartz group ltd

chinese investment-great for bau, page-3

  1. 572 Posts.
    Key take outs from BAU:

    BRL now controls the largest tenement land holding in the Darling Range, Western Australia, for bauxite with over 15,000km2 of ground holdings throughout the south west of Western Australia exceeding the combined Darling Range landholdings of bauxite miners and alumina refinery operators Alcoa and BHP.

    Bauxite imports into China have grown significantly in recent years with China reportedly forecast to run out of bauxite within 10 years.

    Nil Debt and external financing appearing to be no problem.

    Commissioning Refinery (50/50 JV with 25% free carried interest) 2013.

    Top 20: 65%

    152 million shares (96 million quoted)

    I believe the company is worth, considering anticipated exports commencing Q1 2010, at least $300 million, so its recent close price is way off where it should be.
 
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