the cap is small anyway. They have some 5000sqkm of bauxite leases at the right address. The 100m options are all unlisted 20c to pay. A lot of the stock will also relate to the vend in of the projects. AGV is also going to 100% of some of these. The main game now..who will they get to become the MD. We see someone serious fill that gap, and we are off to the races. I would like to think these guys could mine about 1m tons pa and make a great deal of money for many years to come. They have access to the land and we can expect the drilling to kick off shortly. 18km to drive the DSO to port can't hurt either. Bauxite is off most peoples radar, but that will all change this coming year. Projects like this are very very hard to find in Australia now and few companies are in the space. These guys could get some serious interest out of China in due course as things develop. I like this companies prospects. looking for a much higher price into 2011 on my own numbers. I think we are seeing the penny drop here. The capex for this project is a fraction of most listed companies given they are close to everything to get started. This means limited dilution down the track.Just the start imo. please dyor.
AGV Price at posting:
21.0¢ Sentiment: ST Buy Disclosure: Held
