The article in the previous thread is very positive news indeed. To have the foreign minister come out and basically say they are desparate for coal is fantastic!
I would say they would rather just buy the resource from LNC at 2 bucks a tonne.
LNC tenement is close to rail, open cut, should be easy & quick to process and get the coal out which would be exactly what india is looking for.
Let hope if they are going to spend 5-10 billion in the next few weeks, a billion or two goes to LNC!
LNC Price at posting:
$1.44 Sentiment: LT Buy Disclosure: Held