Ann: Signs Heads of Agreement for Lyons River Iro, page-32

re: Ann: Signs Heads of Agreement for Lyons R... Was the confirmation from a broker regarding underwriter? Based on daily volume and trading patterns I believe it.

This will go higher based on HEM alone as a comparison of assets and location and stage they are at indicated LCY is further along but have had both underwriter getting out and limited awareness.

Looking to the next stock marker (albeit longer term) I'm using FMS with a market cap of over 260mil. There are much further along with a defined resource feasibility/investment decision study under development however with a quality asset and nearology to Rio and BHP in the Pilbra it offers an attractive share price premium to the stage they are at.