Thats a hard one to answer but if it did hit 50c next month I wouldn't be surprised after what I've seen this week!
If NMDC deal goes through I'm expecting some media attention which could really put LCY under the spotlight (could rally hard on this)
Next round of drilling (starting August) is expected to find DSO, depending on how much could again see another rally.
and most importantly,
Amongst all this is the unknown surprises that may occur after a NMDC deal. Possible announcements from NMDC regarding future plans & development of Mt Bevan, acquisitions etc, ($$THIS IS A BIG UNKNOWN$$). New CEO coming to Legacy (who that is could rally the SP if it turns out to be someone well known and respected in the industry + he may even have his own followers $$$) Pilbara drilling brought forward? gold processing beginning?
There's going to be a lot happening in the next few months that imo has the potential to send the SP to the moon and beyond so 50c may not be out of the question at all!
P.S. My long term target for this is $2 two years from now!
LCY Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
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