Wealth SARCO owns LSI outright and has, at this stage, 35% of...

Wealth SARCO owns LSI outright and has, at this stage, 35% of Yqida with the OPTION to purchase the other 65%. The resource upgrade is partly in their existing tenements and should the balance of Yqida provide further resource then its ORD/SARCO option to uptake.

Originally when I spoke with Frank back early last years I said why they had yet to take up the option on Yqida his response was that there was enough bauxite (130MT) to satisfy the alumina plant processing needs for may a year.

Obviously if they increase the JORC from 130MT then their current plans of 600,000 tonnes up to 1,800,000 tones of alumina with the current plant then 2MT means they will have to:
1 Make a mega upgrade to the existing plant
2 sell execess bauxite to someone
3 or sell sections off to other Aust companies sniffing around Laos and Viet