bci potentially the next atlas iron, page-29

BCI looks to be consolidating atm. All very healthy. There was an article in the Australian yesterday primarily on Giralia but they made mention of BCIron. Parts of importance taken out below.

"Giralia also pointed out that McPhee Creek is 50km to the north of BC Iron's Bonnie Creek channel iron deposit, which has an initial inferred resource of 28 million tonnes at 57.4 per cent.

Incidentally, the next stop for BC Iron is to double that resource, and the boys at BC have been hard at work trying to formalise the memorandum of understanding that the company has with Fortescue Metals to transport its ore to port."

So they appear to be trying to formalise the MOU with FMG. That will be some interesting news once it comes out.

http://www.theaustralian.news.com.au/story/0,25197,23665869-15023,00.html