fundamental analysis

Total outstanding LCY shares
579,783,502
536,841,606 (after share buy back at $nil cost)
Total options
~220m

Total tradable LCY shares 134m approx. (excludes holdings from NMDC, directors and other top20 holders)

Cash: ~$19m
Available loan: $200m (awaiting for confirmation)


Mt Bevan valuation
2.26Bt @ 27.58% Fe (cut-off rate 15%)
$0.48/t of contained iron
60% interest of this project gives LCY value of $179.513m



Note: Eastern BIF hasn't been drilled yet.

Hamersley Project valuation
$0.6m

Robertson Range Project Iron ore + Manganese
$1.46m

South Laverton project
$5.54m

East Kimberley project
$0.48m

50% of Wonarah Phosphate project
$??m

min. 50% of coking coal project
$??m

Ridley Iron Ore project
$??m


overall valuation: $187.613m or $0.325 per share before share buy back or $0.35 per share after share buy back

even we half the valuation of Mt Bevan project as LCY hasn't earn the 60% interest yet, it's still $0.17-$0.18 per share.