board cant have it both ways, page-27

Moving Forward:

"BC Iron Board supports the bid under the Scheme subject to the opinion of
Independent Export concluding that the Offer is in the best interest of Shareholders"

"May 2011 ? Independent export KPMG concludes that the proposed Scheme of
Arrangement is not fair and reasonable and therefore, is not in the best interest of
Shareholders.
! BC Iron board withdraws its recommendation and terminates the Scheme"


We have potentially lost 5 months to this saga, while this has highlighted value of BCI to the broader market lets let the board get back to building on what we have.

On this note interestingly, "Commodity and geography
! Short term ? SE Pilbara
! Long term ? Pilbara, Australia, Sth
America, Africa
! Active in bulks (Fe, coal, Mn, etc)
Building a pipeline of projects!"

Do tell...