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.
- Forums
- ASX - By Stock
- Significant Discovery
Good points of this announcement: Railway nearby and low...
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CGB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online