ian burston

Extracts from todays Australian (big three miners still bullish on China)
"Ian Burston, a former managing director of Rio Tintos iron ore division and a 46 year veteran of the industry"
"Speaking on the sidelines of the Mines and Money forum in Hong Kong yesterday, Mr Burston said Chinese steel mills had been running on paper thin margins for a prolonged period of time".
"The outlook meant there was a 2 to 3 year window of opportunity for junior iron ore companies-including Energio, the Nigeria focused explorer chaired by Mr Burston- to find a way to market. If we are going to go (towards production), we had better go quick, he said."
.........end.
Someone was looking for advice re buying shares, a wise man once said to me, pick the best captain, not the best ship (the Italians should have taken note! Costa Concordia)
Look who our Captain is and his experience. Does anyone really believe he is in Hong Kong spreading the EIO story if it isnt the real deal. Ian Burston has an amazing track record and is at the very top of the mining industry tree!
Drilling is going full bore ahead and samples are banked up at the lab waiting to be assayed. The board is focused on having the JORC and bankable feasibilty study completed by September this year, hence my price target of $2 has not changed.
Go Skipper!