bci, page-15

analyst99 i hope your right , i have been a huge admirer of this company for years i have owned it a done very well I want to see it reach great heights i just dont like the deal with ioh.

bhp are reducing productions costs to around 20 dollars a ton and lifting capacity to 300 million tons a year with rio and fmg doing similar things plus vales cheap production costs i dont see any room for mid term io producers around 80 dollars a ton.

Bc iron are the best of the bunch slightly cheaper than ago and mgx i think earnings next year will be around 30 million dollars which makes the stock actually very cheap at these prices aslong as io prices can hold around 75-80 bc iron still has a business , I suppose they could take there 150 million in cash and buy another company anyway there are some great gold deals around.

there is always a danger of being a one commodity shop i would have likes bc iron to have gone somewhere else possibly graphite