BCI in suspension
The Age
Shares in iron ore junior, BC Iron , ceased trading
last week on speculation the company was about to announce a
share placement worth up to A$10 million to help it fund an
aggressive drilling program. The rumoured placement is expected to keep BC Iron on track to confirm the 70-million-tonne
potential of its channel iron deposits. BC Iron is also well
placed to capitalise on continued demand for iron-ore through its
proximity to Fortescue Metals Group's 'open access' railway lines in Western Australia's Pilbara region. Page B6.
shareholder in bci
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