Thanks for the tip on this one. I curious to know how people are valuing this company since it's transition from exploring to production.

At the moment it's got a mcap of $138.5m, i can't find any profit guidance. They say they're going to do 3m Wet MT of product, 90% of which is sold, but I guess they'll sell it all based on the implied demand. 1 Dry tone sells for $52.

The question is, what's 1WT worth, and what does it cost to pull the stuff out the ground?

If we assume 1WT is $30 and they do 3MWT, that's $90m, less costs of about $50m (i vaguely recall that number as exploration cost, but might have pulled it from my peach), that's $40m before tax.

Does anyone have experience or knowledge of what such an operation typically costs, or a better guess at the value of Wet bauxite?