lcy: future low cost magnetite producer , page-20

Great post bigstar, the analogy used between JMS and us couldn't be better given they are our neighbours. Interestingly when the grades and concentrates came out on LCY a few weeks back I compared them to GBG and found ours were as good if not better. All costings point to a long and viable mine life out of Mt Bevan. The only downside is we are probably at least 3-4 years min from producing there.

Ridley Project is much more advanced and looks like a very viable project based on your figures, however, I do note the approx 2.7 bill capex figures which might explain why Atlas are looking for a partner.

Let's hope this thread doesn't get hijacked by the likes of PP ,nzak or what ever he chooses to call himself so we can continue to discuss the facts.