" the existing 30 million tonne DSO already supports a major bauxite export operation. Queensland Bauxite says it will look to initially ship 5 million tonnes per year, with revenues of between $200 million to $300 million each year, based on current bauxite prices."
That's why it's a buy, and once drilling/testing officially firms up the rest of their tonnage to their estimated targets - 300mt+ - away we go......
Bad communication has caused negative sentiment, but the fundamentals have not changed, and i'm sure that as they progress the project - and after last week's fiasco - i'm sure they will make sure that they will carefully dot the 'i's and their t's from now on.
QBL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held