Yes buying will be interesting on Monday if anticipation the long awaited federal license is a go
Just on aluminium the below article paints the picture well I believe demand for metallurgical bauxite is also at a turning point this year post Indonesia, Malaysia and Guinea etc.
Whilst some Chinese buyers have their own bauxite supply chains from guinea others won’t want to go cap in hand to a competitor to ask to buy their bauxite given they’d be paying a mark up. Therefore hopefully QBL’s South Johnston project is for the attention of a few refineries
Whilst Rio is crowing about finally turning a decent profit in Aluminium the most lucrative part of that division is still shipping bauxite and the profit margins in that still exceed refining margins
End of day past is past look to the future Benrich this board has been waiting a very long time for this vitahemp has launched and still ramping up, cannabis and or bauxite are very very close as well IMO
QBL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held