re: News: BC Iron comments on financial resul... Gidday...

re: News: BC Iron comments on financial resul... Gidday boydie,

Thanks for the mention, yeah I've been flat out, but I have a few hours at the moment to rest my old weary bones.

Regarding the report: or me trying to interpret the report, there isn't much that I can add that hasn't already been said. I still believe that the 55% Fe ore is sellable. I also believe that the project inventory results to be announced by the end of March or mid/late April in the quarterly, will confirm this. I also suspect that this will be an average grade of 55% Fe, so therefore grades down to perhaps 54.5% Fe can be added as a blended average of 55% Fe. Considering that there's well over 100Mt of CID at 54.1%, the life extension could be v. positive. But as mentioned, this has already been written about previously on HC. And I should also stress, I'm only speculating as much.

I've also noticed a 'esprit de corps' on the BCI HC forum. Good for you guys. I think Mike has indirectly had a lot to do with that.

Bye buddy

Sentiment has changed to hold, ONLY because of the strong recent run. It has nothing to do with BCI fundamentals. But what would I know, I'm the idiot who sold 3K @ $3.40, thinking he was playing it safe with the SPP. LOL