Significant Discovery, page-36

i love this part:

It would likely look to ship raw bauxite, which is a relatively easy mining proposition. The process for mining bauxite is not complex.

So with a simple quarrying operation expected to be sufficient for the export of the surface mineralisation Capex and Opex costs would be very low.

Bauxite export prices have been recently reported at around $60 per tonne with surface deposit bauxite mining reported to cost around $10 per tonne in addition to transportation and port costs.

Hence even an operation that mined and shipped 1-5 million tonnes per annum through Mourilyan Port would pour revenues of $40 million to $200 million into the company based on current prices and healthy profit margins.

And given likely demand - that could be a strong proposition.

Which for a company valued at $12 million is a game changer.