quarterlies

I enjoyed reading the quarterlies and congratulate the boys on their wonderful achievements. I have one suggestion which doesn't relate to the mining side of the business....

I like the $766,000 interest received but I think our BCI accountants could have done a lot better.


$766K on an average of $80M is only 3.8% - If I can get 5.46%, surely they could get at least 5% ???

I think they have too much in the "Cash on hand and at bank" and should move this to "Deposits at call". With the falling interest rates, they should maybe also think about putting some on "term"?

I appreciate that they are focused on producing IO but when you have huge amounts of cash like this, it is not profitable to leave it under the mattress.