Good points of this announcement: Railway nearby and low reactive silica (lower than expecteD).
bad points - low tonnages, small seam widths and low alumina (need 4 tonnes of this bauxite to make 1 tonne of alumina, or 8 tonnes to make 1 tonne of aluminium).
They won't get $60/tonne for 25% alumina ore. And processing + mining won't cost $10/tonne. They have worded those numbers carefully to reflect other mines in totally different situations.
Bad far outweighs the good. All of this is In my opinion so take it however you like.
QBL Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
