Ann: BCI Secures Prospective Pilbara Tenements, page-6

Interesting.....

Clearly the standalone acquisition/investment plans into a base metals/gold play appear to be off.....

A couple of pick ups from this announcement -
* The reference to "Buckland Blend", to me, is important as it is clear m'ment are painfully aware of the importance, and demand, for blending and higher fe content ores.
* This would also indicate that Bci have decided to manage their own destiny and take steps to 'do this themselves' and not rely/wait for API & the WPIOP to get underway. To me this is a positive step forward.
* The Kumina tenements in particular, may also be prospective for other minerals.

So, on first read this announcement may be a little underwhelming, however the more i think about it the more it makes overall sense. I just hope we get value from the $9mil.....

It hasn't sped up any time lines, and now it would appear Bci will be exploring & drilling, so potentially this may well delay Buckland's even further. However they are potentially gaining a more compelling business case for Buckland/CPE, if they discover more Fe.

And the salt & SOP developments could well be longterm pots of gold in their own right with an once of luck.

The Quarterly will be an interesting read to view their cash position.

Back in the bottom draw, but i will still accumulate in that .13 - .15c bracket.....

GLTAH.