CAY 8.20% 16.5¢ canyon resources limited

"A recent 10Mtpa bauxite export business there cost US$1 billion...

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    "A recent 10Mtpa bauxite export business there cost US$1 billion to bring on line.
    Canyon believes its resource is superior, and while Gallagher and his board wouldn't be drawn on the potential cost of a 10Mtpa development at Minim Martap, it's expected to of "a magnitude less".
    For what it's worth, arm-waving by Kumova suggested somewhere in the order of $200 million could be possible.
    Bauxite production of the sort Canyon envisages producing is understood to currently be attracting a price of circa $70 per tonne."
    I liked this bit (the 1 billion referring to Guinea)......and if global trends continue $70 per tonne will soon be a price only wished for.
 
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