Ann: BCI Achieves 5MT Export Milestone , page-20

"I'm dying here"
Me too, an agonising wait!

We're going to have to wait a while yet Pat.

A gentleman by the name of Rob Williams is BC Iron's technical services manager. Results on 'project inventory' are expected in the third quarter, or Jan. to March 2013. It seems that the test work on the lower grade ore is still ongoing.

My strong hunch is the test work so far has been positive. It's common sense to conclude that if the original work on the lower grade ore wasn't positive that testing would've concluded long ago. The fact the things are taking this long is for me a very good sign.

Mike said in Asia 12 months ago that all the lower grade ore needs is dry screening. That is all I needed to hear. If there was a problem with benefication, wet plants would be required. The fact that isn't the case, is a VERY good sign. My hunch is ore down to a 55.5% Fe blend is ameanable by dry screening. Consider what the ore to waste would be then?