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0.00% 1.3¢ legacy iron ore limited

Ann: Quarterly Activities Report, page-9

  1. Cooksbooks
    721 Posts.
    lightbulb Created with Sketch. 69
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    02/05/24
    11:02
    Post #: 73625859
    slightly less crazy gopd than that. The respurce is 1.17 Bt at 34.9%. If they run it through benefaction process and it turns into 70%, then half of the mass is gone to the scrap heap, resulting in just over 580Mt of 70% of which we get 29.4% of the profits.

    Here is where I phantasize that those profits equate to US$100 per ton and our share is worth $25B AUD... about that share price...
    LCY Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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