Today's mkt cap is $48mill. It is worth trawling through...

Today's mkt cap is $48mill. It is worth trawling through previous posts of the last couple of weeks to see the methods used for estimating a valuation.


Then there is this report by Poactive Investor which puts a price of 45c on the stock, but really you need to read the posts.

Q. short term (next 3-4 weeks, or longer term view ?
Short term you might be looking at 40c to 50c, but longer term, much, much more than that. It comes down to the proving of the JORC resource; for Mt Bevan currently at about 600 mill tonnes, but estimated to be 1.5 billion tonnes. LCY has other projects.


Proactive Investor
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