volcan holdings, page-13

I commend benrich on that post I was around then and don’t remember reading this post but it is quite informative. From my perspective South Johnstone is in play the question is whether QBL can secure a buyer and a lot of that depends on the grade of ore, stability of supply, silicon content etcetera. We’ve been shopping a customer for 2 months or so there was talk of submitting a mining lease application for camp creek in April. Whilst ABX has struggled to find a buyer for metallurgical bauxite I believe some of this has to do with them not having a lot of wiggle room between their breakeven cost and what the market is willing to pay its probably unviable. So whilst I understand South Johnstone’s bauxite is of a lower quality the Chinese have proved that’s no barrier they were hoovering up Malaysian bauxite pre ban.