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on may 1, bc iron leapt from 85c to $1 and hit a high of $2.20 today before closing at $2.08. a mcap increase of $68 million.

on may 2, csm jumped out of the $2.40 block and started their climb to close today at a 12 month high of $2.75. a mcap increase of $80 million.

on may 4, alk started at 28c and closed today at 37c. a mcap increase of $18 million.

csm own 28% of bci and alk own 17%. the rise in bci will have added $19 million and $11 million respectively to the value of their investment in bci. so any rise in csm and alk cant be explained as reflecting their gains from their holdings in bci.

is it all coincidence or is bci and csm in the sights of the same predator and alk has risen to reflect the likely cash consideration in the event bci does receive an offer.

the tfe board would know more about csm and bci's tenements than most. most are ex csm and portman.

cheers