Can big risks lead to big rewards for these 3 tiny resources...

Can big risks lead to big rewards for these 3 tiny resources shares?

By Sean O'Neill - August 11, 2014 | More on: ABUCBXMTE

Cape Alumina Ltd (ASX: CBX) – last traded at $0.035
Cape Alumina is a tiny bauxite explorer with tenements on the west side of Cape York, with a 19.85Mt JORC inferred DSO (direct shipping ore) resource, and a 22.1Mt beneficiated inferred resource.

A DSO resource is great news for the company, allowing bauxite to be sold with a minimum of processing, and will reduce the initial investment required to commence production.

Cape Alumina is currently being bought out by Metrocoal Ltd (ASX: MTE) and together the companies will have cash resources of approximately $6 million to work with. I’m not excited about the long-term future of coal, so hopefully the newly combined company will focus on the considerably more lucrative bauxite market.

http://www.********.au/2014/08/11/c...big-rewards-for-these-3-tiny-resource-shares/