Ann: Participation in the Bauxite & Alumina Confe, page-3

re: Ann: Participation in the Bauxite & Alumi... I think people have just thrown this stock out with all the other coal and iron ore juniors, perhaps not aware a lot of future upside could come from the alumina business.

I could justify their $10 million m/c on landholding alone; add the alumina tech and the $5 million cash and it looks undervalued.

Held a lot of the options that were looking good before the slide in coal and fe prices, that has cost me a few grand but I think I'll make that back buying the heads at 8-10c.