BCI 3.03% 17.0¢ bci minerals limited

200 mt to 600 mt dso potential

  1. 12,487 Posts.
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    Yellowcake if you read this you may say Im ramping again but hey im just posting the facts.

    I believe BCIron is a quality 2 year hold from current levels. Of course if I get so far in front after a year or even six months I will exit and take my profits..but the potential for this company is huge. Especially when you look at their market cap and the FACT that they have secured a MOU with FMG to use port and rail facilities which is a big deal IMO!

    see information posted from Alkanes ASX ANNOUNCEMENT on the 31 October 2006. Announcement was titled

    "ALKANE AND CONSOLIDATED MINERALS TO COMBINE IRON ORE ASSETS IN NEW EAST PILBARA IPO"

    "Based on the detailed mapping, the drilling intersections and a standard specific gravity of 2.6 tonnes per cubic metre, a potential for 40Mt per vertical metre of iron rich pisolitic material may exist within the pBC. This provides an exploration target of between 200Mt (5m thick) and 600Mt (15m thick) of iron rich channel
    deposit within the pBC.
    <-- Drilling has confirmed DSO is from surface. Zero or very low strip ratio. This means low opex and capex costs.

    The detailed mapping of the pNR system has identified pisolitic channel outcrops over a length of 20km and a
    combined surface area of 2.16 km2. The pNR has been largely eroded by present day drainage and outcrops as
    small discontinuous mesas. No drilling or surface sampling has been undertaken within the pNR. Using similar
    parameters to those described for the pBC an exploration target of about 5.6Mt per vertical metre of iron rich
    pisolitic material may occur within the pNR."


    Link to announcement

    http://www.alkane.com.au/reports/asx/pdf/20061031.pdf
 
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