Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
11 OCTOBER 2017 AL CIRCLE

Licence on South Johnstone bauxite project could lead to ASX price rise: Queensland Bauxite

EDITED BY : DIPANWITA GUPTA 1MINS READ

On being inquired about the recent share price rise on Australian Stock Exchange, Australian mining company Queensland Bauxite said the expected imminent grant of a mining development licence for its flagship South Johnstone bauxite project could be a reason.  The company also pointed out to its exposure to an emerging hemp market as a possibility.

{alcircleadd}

“It is our view that our company is currently significantly undervalued by the market relative to other companies in the industries that our company is involved in,” Sholom Feldman, secretary at Queensland Bauxite said.

A scoping study conducted for its South Johnstone bauxite project in 2014 put the capex cost for Queensland Bauxite at A$5.14 million (US$3.99 million), operating costs at $20.87 per tonne FOB (not including royalties) and an IRR of 223 per cent, stated a industry report.

Shares in Queensland Bauxite had closed at $0.013 on Thursday, October 5. Following the rise, it received the ASX query on reaching $0.018 intraday. Meantime, shares continued to rise to $0.02 in late trade.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DIPANWITA GUPTA 1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.