Re: BCL, page-4

I agree with you entirely, with the less than likely proviso that there might be the question of which of their doors they might close, except that the new mines and the smelter together would not employ 5000. As you will remember, earlier Mahupela did say if it were up to him he would leave the existing troublesome ops and "jump" straight into the new Polaris prospects mentioning Maibele and the new Selkirk specifically, but that he could not abandon the original core business.

(I do not think they will shut down - God forbid -, I am merely acknowledging the possibilities, which is why I post the negative articles as well as the favourable ones.) I have no doubt BCL will continue which is the rationale for my continuing investment.

Regards.