I think NMDC could soon act considering the iron ore lease issues the coy is facing back in India, I'm not certain enough to predict what strategy they will bring to the table but I am convinced that iron ore supply is their current priority and concern and this may provide them with enough emphasis to start mining at the Mt Beven Project should they possibly find a way to increase their current holding at LCY of 78% and their 60% joint venture holding with Hathorn Resources Limited, could all other projects be merely a smoke screen? All in my personal opinion only.
LCY Price at posting:
0.4¢ Sentiment: None Disclosure: Held
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