i think we can expect a margin of around 20-25/t given how close...

i think we can expect a margin of around 20-25/t given how close we are to port, and given how close we are to china, shipping costs.

The land rehabilitation costs are nothing dramatic, you stockpile the top soil, and grader back fill.

That margin i think will put us ahead of the other bauxite stocks. And it allows for a lot of gravy for us shareholders if the capex is very low.

Stage 1 - startup 1mtpa ? 20m profit - pay for expansion.
Stage 2 - 4 mtpa = 80m profit.

So maybe you spend 10m a year on exploration, when its at surface, thats a lot of resource you can prove up.
So where does the other 70m profit go ? EPS and dividends.

BOOM!

thats the mega wealth raging boom is talking about.

Very rare to find a DSO operation with high margins, and low capex = high returns for shareholders.

The IRR will be off the charts.