Yes mky bauxite is higher grde but bau bauxite is cheaper to turn into alumina. Keeping costs down is very very important these days with low aluminum prices as current. Also look at market cap not price. Bau has cash of 7 million, mky no more than 2 million. Bau has a strategy, 2 year dso then alumina plant 3 years after. mky has yet to unveil it. Bau has had visits with chinese as well.
I do like that mky tenements is close to cheap energy of the future ucg. Bau has gas off the wa coast that will provide cheap energy.
Bau is next to majors in wa where some 40% of the worlds alumina is produced. Hence bau area is close very good infrastructure. Mky not close to any producers as yet, rio just in feasibility studies.
mky is close to barrier reef and will hav environmental concerns before startup, bau will have some as well but not prevelant.
Mky has its benefits but i just feel bau is much better placed and advanced atm. Drilling starting soon and jorc after that. next year will be exciting for bau holders.
BAU Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
