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
Today's mkt cap is $48mill. It is worth trawling through...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.85M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $2.82K | 313.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4667640 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 156700 | 1 |
View Market Depth
| Last trade - 15.42pm 04/07/2025 (20 minute delay) ? |
| LCY (ASX) Chart |