looking for a straightforward explanation, page-7

Mine life, mine life, mine life. Yes it is important. Does it have to be iron ore? Maybe not. BCI may generate sufficient cash in the next couple of years to buy into other commodities and be able to diversify, hence further de-risk.

This constant desire to prove up resources has done BRM and others little good. You have to have quality ore, customers and a plan to get it to them via a train set and a port. BCI has this set up and with incremental work will prove up more resources over time, in time.

With so few shares on offer and several large positions locked up it is no wonder the SP flounders at times.

Seems to me that they key will be to minmise mistakes from here and this will be where the quality of the management will hopefully shine through.

Things to avoid?:
-large debt loads
-poor acquisitions
-overpriced acquisitions
- and list could be added to I am sure

Slow and steady should win this race, barring a complete destruction of things as we know them by the Europeans.