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7.69% 1.4¢ legacy iron ore limited

Another brilliant post bigstar,I see the capex for ridley is...

  1. mj.c
    64 Posts.
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    12/02/12
    10:35
    Post #: 9681000
    Another brilliant post bigstar,

    I see the capex for ridley is considerably higher @$2.7 bil for a 15 mtpa project, as opposed to Mt Bevan at only $1.5 bil for 10 mpta.

    So that could be why AGO want a partner for it instead of selling it outright. They need the cash to develop but still want to retain some of the asset.
    LCY Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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