NMDC possibly looking at AGO acquisition., page-20

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"I just have this sinking feeling that after all this waiting etc. that NMDC do decide to do something and they dont include LCY at all."

"They (NMDC) also have repeated stated their intent to increase output about 4 fold and they intend to get Aussie mines to help this. I would have thought that this would be the perfect PR that LCY could and should be jumping on - why are we not pushing this. and why can they not give us an overall plan on how Bevan and the rest of Australia is going to fit in."

1. You don't invest $30 million in acquiring a company and not use it to get a return on your investment.

2. NMDC Vision Plan to be released next month outlining plan to increase iron ore production to 100 million tonnes by 2022.
I'm not expecting to hear anything from LCY re their involvement until the plan has been released by NMDC.