geez shes looking prime now, page-2

Happy with her to hold current levels. The last announcement was a ripper. BCI are the real deal. They have a quality established resource, lots of cash to carry them for awhile and they appear to be getting their transport sorted.

Out of all the juniors I like BCI the most which is why I am heavily exposed.

Highlight from the latest announcement are below.

Reverse Circulation (RC) drilling program nearing completion at Bonnie Creek CID Project

• Significant results from Outcamp include:
17m @ 57.2% Fe (65.1% CaFe) from surface;
13m @ 57.8% Fe (65.5% CaFe) from surface; and
15m @ 56.7% Fe (64.2% CaFe) from surface.

• Significant results from Coongan Well include:
8m @ 58.1% Fe (66.7% CaFe) from 4m;
8m @ 57.8% Fe (65.4% CaFe) from 6m; and
10m @ 55.6% Fe (64.0% CaFe) from 4m.

• Drilling at Warrigal Well confirms a continuous Channel Iron Deposit (CID) with potential
for a further 15 – 20 million tonnes Direct Shipping Ore (DSO)
• Updated Resource estimate expected in December Quarter

If any other company had of released these results which are from surface the traders would of went bonkers but BCI are extremely hard to trade due to very low liquidity. The CaFe grades are excellent.

Im looking forward to the DSO resource doubling in December. That should also give her a push a long as they move towards the completion of feasibility studies in mid 2009.