Ann: Canyon commences drilling at Minim Martap, page-88

Hey Kalenn

I've checked back through all of your posts which reference a post of mine and find no queries unanswered, suggestions I'm wrong sure, but no queries.

I had a thought though...you and I, bauxite mugs, are able to get on a website and get a bauxite cost in China and freight costs to China. Now they're a reasonable estimate of actual costs if used correctly.

Now if I was running an alumina refinery in say, the state of Mississippi, USA:
 I'd know that freight to my refinery was half of the cost of freight to China; and,
 I'd know pretty well what the Chinese might pay for bauxite out of Cameroon.
  So I reckon I could offer to buy that bauxite for the Chinese price less the difference in freight costs plus maybe a small sweetener.

Now you have often posted that freight for Minim Martap bauxite could be significantly cheaper than the freight cost to China. When you feed that cheaper number into your model, you no doubt drop the bauxite CFR cost in your model too, don't you?

If costs in Africa are cheaper then why is the FOB cost for Metro Mining, Cape York (2Mtpa) less than that for Alufer in Guinea (5Mtpa)? The operations are very similar aren't they?

Will mining in Cameroon be cheaper than mining in Guinea?

Another thing has been bugging me...if CAY is so good and a potential 100-bagger then how come the secret isn't out? Everyone knows the deposit is there and has known for a long time so how is this jewel managing to fly under the radar?

Take a company like SFR. One day they were drilling for shallow gold doodling along at 6 cents a share and next day they hit bonanza copper and soon they're up to $4 then $7 not long after. There are 100 bags plus but with an obvious catalyst.