Good point Golden.
If the Janaury JORC comes out at 30/50/100/200%% bigger, then the value of the project is only going to go skywards.
LCY has paid $1.5m placement 2 years ago + spent probably $2.5m on the JV, and now will spend another $5m.
total cost of $9m to get 60% control of a $200m project, which is likely to increase in January.
clever
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