bc looks ahead as funds flood in

I still like FMS for a JV or takeover.
Mike keeps saying other commodities though so will have to wait and see.

Did anyone get to the AGM?

Cheers
Hotlegs


BC looks ahead as funds flood in

by: Paul Garvey
From:The Australian
November 21, 201112:00AM


BC IRON managing director Mike Young says the company is considering diversifying into other commodities after being inundated with offers of more than $100 million in debt financing.

Mr Young, speaking to The Australian during a recent visit to Hong Kong, said the company had been looking seriously for acquisitions for more than a year as a means of moving beyond its flagship asset, the Nullagine iron ore joint venture with Fortescue Metals Group in the Pilbara region of Western Australia. With Nullagine starting to turn a profit after coming into production in February, Mr Young said the group had received numerous offers of debt financing and bonds.