Not long, it has dropped due to decreasing sp $0.003 x 1.4b shares = $4.2m mkt cap.
Although there is 1.4B shares which seems alot, keep in mind that NMDC (National Mineral Development Corporation Of India) owns 78% of the company and its shares are unlikely to be traded which leaves just over 300m on the table for everyone else to play with. See link for some info on market cap history.
http://www.gurufocus.com/term/mktcap/ASX:LCY/Market+Cap/Legacy+Iron+Ore+Ltd
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