Legacy have got it right with today's announcement.Very likely...

Legacy have got it right with today's announcement.

Very likely now that next week's announcement will be met with trading which is less crazy; more will hang on for the ongoing developments and will await the buying by investment funds.

It's now likely that many short term / medium term traders will hang onto some of their stock.

Legacy is shaping up really well. Having 1.5 - 2.0 billion tonnes of proven iron ore reserves will be great, but having the money & an achievab;e plan for its' exploitation is where the current JV announcements really add value.

The current Legacy market value is way under where it will be soon. The JMS mkt cap of about $500mill is a good indication re where we're headed.

Investments like this are difficult to find.

I expect to continue to hold more than half of my investment. Real value will appear when the investment funds see NMDC action.