bc iron achieves 5mtpa production milestone , page-5

The part I liked was:

"......and are firmly on track to meet guidance of 3.5Mt shipped for FY2012."

Chelks told us way back in April that this would probably happen (See #8039109)

This also means there is good chance that we might achieve the magical $80M in the bank by 30 June as well.

BCI has the "potential" to mine 6MT in the new FY and we could end up with more cash than market cap - so I wasn't surprised to hear that some institutional buyers are taking a greater interest in BCI these past few days - not that there are many shares for sale....

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I personally hope BCI just stays like it is and doesn't do any M/A or foreign acquisitions. I notice that things are not going that smoothly with other players in Africa.
(See end of report below)

http://www.reuters.com/article/2012/05/24/riotinto-ironore-idUSL4E8GO1AN20120524