word on the street - 40 to 60 million offer, page-53

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?