This link is from 2011 investor presentation. Looks like drilling was done more than 4 years ago maybe not by Coenraads but you knew well before 4 years that Bauxite was there but are you only counting from when Coenraads did his exploring? Loads of other things like distance from port, offtake agreements and other bits and pieces were spoken about long ago in this investor presentation.. so when can you really count all information from having kicked off?
http://www.kccg.com.au/uploads/9/0/...bauxite-limited-presentation_march-2011_4.pdf
• Within the Company‟s South Johnstone tenement, Carpentaria Exploration Pty Ltd identified a potential exploration target area of 43 million tons based on drilling an area of high iron bauxite with an average grade of 35% acid soluble Al2O3 , „and with further drilling, can be extended approximately five times‟ (Znebejanek, 1961). The area is approximately 6km from South Johnstone township and close to major transport links and port facilities.
Also the other business you expect to cover the other two businesses I’m going to assume we are talking about the hemp side? So considering you only made 80t of the predicted 500t and you still only have winter ‘trial’ crops is the revenue coming from these projects going to be enough to actually support those sides of the business long term? How many years realistically is it going to take before mm side and bauxite side are in full operation and making a profit?
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