ABX abx group limited
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http://www.australianbauxite.com.au/site_folders/241/Broker%20cov...

  1. RabbitTrap
    569 Posts.
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    02/08/14
    13:23
    Post #: 13759163
    http://www.australianbauxite.com.au/site_folders/241/Broker coverage/Fat Prophets 23 July 2014.pdf

    They are running behind the schedule that was indicated in the Dec BRR interview by Ian Levy. I suspect some of that was due to the delay getting access to the DL-130 prospect, and ensuring that a good funding deal is negotiated.

    Hopefully the next month may see some of the milestones indicated in the interview becoming reality.

    As per the BRR interview 18-Dec-2013 ·

    * Recommence drilling on some high grade deposits nearer to Bell    Bay port Resource upgrade reports Feb – Mar 2014

    * Hopefully be able to report to shareholders about market bauxite   price hikes during Mar Apr May 2014


    * Hope to have the mining lease granted Mar Apr possibly May 2014

    * Project Finance should be all concluded May June 2014

    * Hope to take procession of the first mining site in August 2014

    *    Ramping up production for our first shipment in Dec 2014
    ABX Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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