here we go back to 1 dollar, page-34

The following text from MRE ann could explain the fall of BMN share price.

MRE share price dropped from over $7 to just $1.1 today. ATM anything to do with sulphur is not looking good. Could be the contraian play since it has down so much.

While BMN is not alone in terms of share price distruction. On the same token, it won't hurt to shop around, there might be much much cheaper commodity play than BMN if you still want to average down on BMN.

There is more than one way to average down.

corporatefile.com.au

Minara Resources Limited announced a net profit after tax for the half year to 30 June 2008 of $50.9 million (2007: $245.9 million). Can you explain the major influences on profit relative to the previous corresponding period?

MD Peter Johnston

Obviously, the major impact on our business remains the nickel price which has been extremely volatile over the last 12 months. There has been a sharp decline in the last three months from approximately US$29,000 per tonne to US$18,000 per tonne.

The other factor has been the dramatic increase in sulphur costs. Sulphur is our major input cost and is tied directly to our acid production. Sulphur on the spot market has risen dramatically from approximately US$100 per tonne in December 2007 to US$700-800 per tonne currently.

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