rio to invest 901 mill at mt magnet

Hello Everyone,

This is interesting because Warramboo is the Mt..Magnet area and only approx. 150 Km from BTV's Deflector Resource and remember page 10 of BTV's annual Report and the following Quote is from the same :-' This target and Several other Iron Ore targets will form the focus of furthur exploration drilling following the grant of new exploration tenaments, which is anticipated in early 2008' .
Additional Quote from Yahoo :-
Mitsui says to invest in Australian iron ore mine
Thursday December 27, 2007, 6:34 pm
TOKYO, Dec 27 (Reuters) - Mitsui & Co 8031.T, Japan's second-biggest trading house, said on Thursday it will invest $297 million to develop the Mesa A/ Warramboo iron ore mine in Western Australia.
The total capital cost of the project, led by Rio Tinto Ltd/Plc (ASX: RIO.ax) RIO.L, is estimated at $901 million. (Reporting by Edwina Gibbs) / End Quote
This is all looks very interesting in view of the recent Entitlements Share Issue by BTV .
A poster by the title of 'Starwoman' posted some months ago to the effect that BTV was seeking tenaments which could rival those of Murchison.

No responsibility taken for any losses in association with this Posting.

Regards,

moly