"The QBL Bauxite NOW UPGRADING its deposit 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"
Here you have the opportunity to take advantage on facts and info from QBL. Like the QBL on ASX website chapter, who can provide verified facts; here is regulated on-line stockbrokers suggestion, no games info and a good sum up. Voluntary suspension is requested regarding a significant and strategic acquisition by QBL’s subsidiary Medical Cannabis Limited until next thursday. Contact information to the QBL Investor service, who can reply on questions.
https://www.queenslandbauxite.com/
"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"
Here you have the opportunity to take advantage on facts and info from QBL. Like the QBL on ASX website chapter, who can provide verified facts; here is regulated on-line stockbrokers suggestion, no games info and a good sum up. Voluntary suspension is requested regarding a significant and strategic acquisition by QBL’s subsidiary Medical Cannabis Limited until next thursday. Contact information to the QBL Investor service, who can reply on questions.
https://www.queenslandbauxite.com/
Robert
