Also from LSE BCL was shut as the losses were just gigantic and...

Also from LSE





BCL was shut as the losses were just gigantic and with smelter refurb looming it was a no brainer.

Thats why I think the Govt will take a big position here. With quite a large trained labour force hanging around on full pay they will want to do something soon. Maybe Govt will take 100% but MTR can only expect £4 to £6M for what is proved up so far. Maybe thats where Timelass will get his divi. but before Xmas ?????? !!!!!!!!!

With BCL now shut (timeing isnt chance ) they can start planning movement of concentrator and surface assets such as that wonderful surface railway but without those amazing steam engines ( sadly to expensive to maintain so they will use deisel or lectric. They have a brilliant Needhams hoist which is quite advanced and will cope with the incline from surface I am sure plus oodles of pipe and other steel work including some fans for surface installation on top of a vent shaft and dozens of winches and U/g haulage fans ........ braithwaites, 913s and conveyors and surface bins.

Setting up will be relatively cheap if they get the right people onto it. Of course I am not available until I have made my fortune on AIM.

The Govt probably wonnt find it any more costly than they are presently suffering.

Looking at it this way it is more a solution to a problem and is an incentave to going against the flow of an ebb tide which is without doubt what present conditions in the metal markets are now.