LCY legacy iron ore limited

weird or what?....., page-78

  1. 747 Posts.
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    Ill put myself out there , please feel free too shoot me down & correct anything here.
    I spoke to my brother on the issue of 70:30 debt equity scenario he is an accountant.THough he didnt go through all the details i got him to read parts.
    -He told me there is 2 ways you could get equity 1-cap raising with the issue of shares .
    -The other he said is the value of our assets ,that raised my eyebrows.
    Now 4 my hyperthetical:We will use the 19mil at mt bevan to build on the value at the moment its independant eval is 110mil on our 60% with only 40 to 50% drilled.With some cash injection from Ndmc to help push the early stages it will move things along quickly.If we can identify the hemetite and get that out first that to will also help with cost & value.
    As dgh said we will not borrow 1.3b at once ,this will happen gradually

    So my thinking is there a chance we could in due time use asset value as our equity .And the people that did the independant evaluations are they recognised by any banks or finance firms??
 
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