things starting to get exciting on the screen, page-10

Some sort of announcement must be very close, it is over a month since they announced that they had extended the the due diligence date waiting on the assay results for the test.

"Australian Bauxite Limited (ABx, ASX: ABZ) advises that
the first assays from four 50-tonne bulk pit tests from
the Tasmanian bauxite project were received on 29
August with further assays pending. The assays are
required for the due diligence by Xinfa Group (Xinfa).
The delays were beyond the control of either ABx or
Xinfa. Accordingly the due diligence period has been
extended by mutual agreement pending receipt and
assessment of the assays. A decision with respect to the joint venture due diligence period is pending evaluation of the assays"

The orginal agreement was for the following:

"...the Development Term Sheet (Agreement) provides Xinfa an exclusivity term to the end of August 2013 for the payment of A$500,000 (already received), to complete due diligence's. Beyond that date a monthly payment of A$100,000 will keep the exclusivity period open on a monthly basis..."

I would expect the updated drill results for Fingal Rail drilling, some resource upgrades, indication of what is happening with the Xinfa MOU and finally the next quarterly report all within a short period time.

Agree with vontrader the share is very underpriced.