Spot on Advisor. NMDC aren't stupid and knew exactly which Co to target on the ASX. Wouldn't be surprised if down the track LCY acquire quite a few of the leases surrounding or close by to Mt Bevan.
The industrial revolution in India is only just starting, hence Indias thirst for FE and the need to secure large and viable deposits.
comparing mt bevan to other magnetite plays, page-19
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