Ann: Quarterly Activities Report , page-2

The quarterly is excellent as expected by many. The company has $100 cash in the bank, commitment to paying shareholders a dividend, on track to meet 6mt target, debt payments under control, 25% increased sale price, production cost reduced to a mere $40 per tonne. Most impressive were the findings which expect the significant stock pile of low grade ore (over 2 million tonnes) to be converted into 60% fe. I am very excited and encouraged by this report, I had high expectations, however these publications have eclipsed what I thought would be published..excellent work BCI