Calculations on the value of the current JORC
of 130 million tonnes bauxite.
ORDs share (appx 25%)= 32.5 million tonnes
Figure about 3 tonnes bauxite to produce 1 tonne alumina = 10.4 mill tons alumina.
Equivalent sales price for Alumina $407pt
In ground Value of ORDs share of the total 10.4 million
tonnes alumina eqivalent resource
=10.4 million alumina tonnes x $407/tonne
= $4.23 billion to ORD prior capex and resource upgrade.
or about $9 per share.
Calculations on the value of the current JORCof 130 million...
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