nmdc transaction update, page-52

the main reason i bought lcy was only because of mt bevan. i figured at 10c and with potentially 2bt it was a steal. then the rr and hamersley are thrown in as well. still very much unexplored but the quarterly implies they have kicked a goal there too. they are in the right neighbourhood there too with infrastrusture close by. they indicated that are in the process of securing funding for one of those prospects as well. that copuld mean anything i guess. imo lcy has picked up some pretty dream tenements. to me it sounds like the nmdc deal is a done deal considering sharon comments in the quarterly about progressing pretty much everything on their books. this can only be a good thing imo. i have no idea why the sp is so low. springtree/possible gfc2/euro zone issues/us debt issues. geez these thing are always been around but mainstream has just continued to bury their heads in the sand. now its such an emotional subject (only because some big boys in the states got burned) they keep blabbing on about it to sell newspapers and get ratings on tv. if it was just your average joe that got worked over no one would care and everything would be going on as usual and lcy would be sitting aat at least 25-30c imo.