"The QBL company is NOW UPGRADING deposits with target to a whopping 300 million tonnes, but the existing 30 million tonne DSO already supports a major bauxite export operation. Queensland Bauxite says it will look to initially ship 5 million tonnes per year, with revenues of at least $250 million to $350 million each year, based on current bauxite prices.

"Direct Shipping Ore (DSO) generally means that the company can just dig the minerals out of the ground and ship them to customers, with very little need for processing. That should mean low production costs, and potentially, substantial profits. Surface deposit bauxite mining is reported to cost around $10 a tonne before transport and port costs.

Bauxite prices have surged to a 7-year record high recently, after Indonesia implemented a ban on exports of the raw commodity in a move designed to encourage producers to process the raw material at refineries in Indonesia - and the Rusal US blockade recently"

QBL quarterly report have come out now, things are proceeding fine;

https://www.asx.com.au/asxpdf/20180501/pdf/43...1s0hqf.pdf

website;https://www.queenslandbauxite.com/

https://www.queenslandbauxite.com/

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