Sorry correction,My first post contained nonsense and I've TOUed...

Sorry correction,

My first post contained nonsense and I've TOUed it. BCI ONLY pays opex costs for IT's half. BCI doesn't pay opex for FMG ore obviously.

Also, I stated SPP. That should be placement to Institutions instead. Sould read,

Management not only wanted to get some liquidity back into the stock, but to also TRY and get some Institutions onto the register. They consider that to be very important although they concede it may not be popular with some shareholders.

I must say I'm impressed with the deal. I understand what Bernie is saying regarding the structure of the money. But to go from 2.5Mtpa to 4.5Mtpa for AUD$120M seems like the deal of the century. How many hundreds of millions have AGO or any other producer spent to 'up' their Mtpa. It's just what you have to do these days. The fact that BCI could increase production for a cost of $60M per Mtpa is quite amazing. And the reason that I consider this deal to be $120M and not $190M is because $70M is pre-paid opex to FMG.

Well done management, a brilliant job done again.