I think $60M is ridicoulous offer... and LCY should reject.
Even at $120M for LCY total value and 80% price for Mt Beavan.
Mt Bevan Value if indians are offering $60M = $96M
We know we have over 1.5B Tonnes of High Grade 34 FE Ore and potential of alot more and other metals.
If I were LCY, I would just capital raise $3.5M take 60% of 1.5B tonnes in producing this. This is without other finds on the site..
Does not make sence to accept $60M for 50%. Share holders would revolt.
Mt Bevan in ground is worth more than $96M asset value, LCY would be stupid to take such an offer.
With ore at about $1.70US a tonne, what is $96M valuation. A joke I say... with potential of 1.5 - 2 Billion Tonnes.
Maybe they missed a few Zeros off the $60M estimate.
or have I missed something?
- Forums
- ASX - By Stock
- LCY
- word on the street - 40 to 60 million offer
word on the street - 40 to 60 million offer, page-53
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LCY (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LCY (ASX) Chart |
Day chart unavailable