3.55mt shipped - 4th target hit, page-2

This quarter's results are better than good. BCI gave guidance that they were hoping to ramp up production to 5Mtpa by 30 June 2012. Infact, 5Mtpa was hit 2 months prior to guidance and the 5Mtpa figure hasn't remained static. Ramp up has increased beyond 5Mtpa with this quarter's run rate at 5.8Mtpa. Consider also that a ship left late in March. It's a shame that the IO price has come back a bit, that'll obviously effect the cashflow report coming up. Although, with the share price of IO stocks being hit recently with concerns about IO price slippage. How good could BCI look if the stock can still meet their rough cashflow guidance of $73M - $78M by 30/06/12. Or even surpass that amount.

Well done BC Iron.