alumina1,

My speculation about the price of raw ore has to do with a possible spin-off or daughter company of the resource itself.

Wouldn't the mining taxes be much lower if only $20/ton is the value assigned to the raw ore mined ?

In the case of a company which owns a bauxite mine and sells the bauxite at $40/ton, it is taxed on that $40, no?

 

As for the integral value of the stuff, of course I'm much in agreement with you.