Exploration target now 300 million tonnes out of a larger geologica; area of approx 1 Billion tonnes. !!!
The over 30 million tonne resource already identified from these initial results received is already sufficient for a major bauxite DSO export operation. The Company would initially look to ship approximately 5 million tonnes per year through Mourilyan Port. Based on current reported bauxite prices, an export operation of 5Mt per year of bauxite would mean revenue of between $200- 300 million per annum.
Export price $60/tonne . Mining cost $10/tonnes inaddtion to transport cost which is minimal due to close to port.
So near term profit $200 - $300 million per annum !!!
As QBL would be looking to ship raw bauxite, there is not expected to be any capital costs required for locally processing the material, with a simple quarrying operation expected to be sufficient for the export of the surface mineralisation.
QBL Price at posting:
4.2¢ Sentiment: None Disclosure: Unspecified
