let the good times roll, page-10

DIGGING
Tks for the reply much appreciated. Iwill be buying into BDR. In the presentation they keep talking about iron ore at current prices and as the iron ore price has plunged of late I cant seem to find out what they determine the price of IO is. Because of the plunging price for IO Im thinking their operating costs per ounce are going to be higher than stated. The other concern Ive got is if IO goes much lower a significant number of IO mines will cut back if not shutdown for a while, as is happening in Australia. Fortescue metals is cutting back its workforce and putting future projects on hold as of yesterday or so Ive read.

Anyway Ill watch for a while and see what other announcements about IO come out on the market.

TKS
MM