ORD will have financial backing through their new partner China Nonferrous Metals Mining (Group) (CNMC) which is one of the largest mining companies in the world.
Once FIRB approvals are in place I am confident CNMC will take ORD's massive projects through to production!?!
From the ORD website:
"The bauxite potential, in the areas which are of interest to ORD, is estimated to be up to 2-2.5 billion tonnes. Over a quarter of that potential lies within tenements in which ORD and CNMIM have interests, or which are currently under negotiation.
With that potential, ORD estimates an annual production of up to 20 mtpa (million tonnes per annum) of bauxite from the Bolaven Plateau is possible, which may be refined to 5-7 mtpa of alumina."
http://www.ord.com.au/laos.html
Watch this one fly IMO once approvals are in place!
JB
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