Ann: Mardie Project Update, page-91

Hi Cassandra, it seems as though BCI have chosen to sell assets to cover part of the additional costs associated with Mardie. They announced today that they have reduced their holdings in Highfield resources. I believe the baseline case will be bolstered by a sharp increase in the product price compared to when they last reported expected earnings. The question on everyones lips is how will they fund the additional costs i.e. cap raise, asset sales, debt or combination of all. This is obviously keeping some people on sidelines waiting to see. Either way, I expect their expected EBITDA will be significantly increased and I hope the market sees this quite positively. Until then we wait to get some much needed updates.
Good luck to all holders