soaring up the charts in 2011, page-11

Ken

Let me tell you a few home truths about aluminium

Alumium is extremely energy demanding to produce which reduces profit
Alumina in the 8 years leading up to 2008 sp was double to triple what it is now which will enhance profit because of cash flow.
Energy was much cheaper in the years prior to the gfc
The stock piles are so extensive that if all aluminium miners stopped mining baxite it would take 2 years to reduce them
Alumina is high because of take over speculation and increased demand in the resource of aluminium
You profit listing is prior to gfc but we are a different space now.
Have you also looked at the baltic dry index - it is at its lowest level since 2008 - meaning that shipping of resources are at its lowest level for some time.
So your list of profits is the past - we as investors are concerned with the future. Present profits are a reflection of where the company is at present.
Ken believe alumina is too expensive. Its as simple as that.