I have recently been looking into BAU
One thing surprises me is that they are talking about going into production this year (even referring to 2nd QTR) and normally you would expect a whole lot of announcements - and as others have mentioned what about the customers - also news on the financing the facilities for production - It can't be running from a standing start
I guess for a commodity with rising in demand it should not be hard to find a buyer - but I admit I don't know how the bauxite market works
Does anyone know what it costs to mine Bauxite & is BAU's bauxite of good quality ?
The world also has a huge resource of Bauxite so it seems the world will always be able to meet demand (especially if as BAU implies you can get production up and going so quickly)
Also apparently China & Indonesia have ramped up production rapidly in recent years - this suggests you need a low cost quality resource to make money.
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