Worth revisiting this article to help yo firm a view regarding...

Worth revisiting this article to help yo firm a view regarding the price you might be prepared to sell some of your LCY shares or options (LCY, LCYOA, LCYOB)


paste this into your URL panel

http://www.proactiveinvestors.com.au/companies/news/18431/legacy-iron-ore-undervalued-play-not-lost-on-indian-and-chinese-iron-ore-steel-groups-18431.html

The NMDC deal to be announced at the end of August is just part of the information for consideration.

Beyond the end of August the reak development continues. Further drilling at Mt Bevam, then preparations to process & ship DSO (high grade Direct Shipping Ore), the announcements re drilling at the Pilbara prospects & further proving of the gold prospects.

End of August is just the start; expect a very solid price jump, but for the holders this company's one and two year price prospects could be way above the short term 45c estimated valuation.

When LCY is running iron ore trains to Port Esperance & throwing off cash like Atlas then we'll see very different pricing for the shares. That's why investors would hold to secure long term income prospects. Many short term investor / traders will sell in the 30c to 50c range; that when the investors step in for the long term holding & further big gains.