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BOI is not a preference share, it is a corporate bond.

1. This is a major project for Congo the importance of which is emphasised by the speed of the approval - could add 30% to GNP. Also with Glencore involved there is, imho, no risk of the licence being withdrawn. 2. The current iron ore price is entirely acceptable for this project; smaller uneconomic mines particularly in China may close. 3. The economics of the…

Muckshifter, Thanks for your reply. I have read your posts on various boards over many years on multiple subjects and have always greatly appreciated them and benefitted from them. Thank you for the very considerable efforts you have made. Kinkell

Bezhe Thanks for picking up that point of which I was not aware. I certainly think it is worth following up by asking for an explanation.

Muckshifter, Certainly no such insinuation intended. I most certainly do not think that Paul operates in that way. If I did I wouldn't read his articles. I just feel that perhaps the discussion got off on the wrong foot and the emphasis was perhaps less than it might have been on the possible strengths and weaknesses of the project. I might be wrong. As I…

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