confirmed by mcc of steel plant profitability

ANN right on 4:10PM from Carl Moser, now we know the reason for the SP increase on the Frankfurt bourse

Pre-Feasibility-Study-Review-for-the-Gladstone-Steel-Plant-Project

The directors of Boulder Steel Limited (the Company) wish to announce that they have received an Executive Summary of the Pre-Feasibility Study (PFS) from MCC-DWISDRI, which confirms the profitability of the project.

Boulder representatives will meet with WISDRI in Wuhan during the week commencing 18 July 2011 to discuss the results of the PFS and to establish a work plan for the way forward.