Today's mkt cap is $48mill. It is worth trawling through previous posts of the last couple of weeks to see the methods used for estimating a valuation.
Then there is this report by Poactive Investor which puts a price of 45c on the stock, but really you need to read the posts.
Q. short term (next 3-4 weeks, or longer term view ?
Short term you might be looking at 40c to 50c, but longer term, much, much more than that. It comes down to the proving of the JORC resource; for Mt Bevan currently at about 600 mill tonnes, but estimated to be 1.5 billion tonnes. LCY has other projects.
Proactive Investor
http://www.proactiveinvestors.com.au/companies/news/18431/legacy-iron-ore-undervalued-play-not-lost-on-indian-and-chinese-iron-ore-steel-groups-18431.html
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Last
1.0¢ |
Change
0.002(25.0%) |
Mkt cap ! $97.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $7.519K | 763.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103213 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1826966 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 103213 | 0.009 |
9 | 4766836 | 0.008 |
9 | 2170947 | 0.007 |
2 | 266666 | 0.006 |
1 | 179888 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1826966 | 5 |
0.011 | 1850252 | 6 |
0.012 | 283172 | 3 |
0.013 | 100000 | 1 |
0.015 | 555555 | 1 |
Last trade - 14.53pm 16/07/2025 (20 minute delay) ? |
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