Just thought to have a general discussion for LCY.
It seems company is taking its time for incoming mining activity in Mt Celia , what a brilliant timing to dig out Gold!!
90 % Owned by NMDC.
Has ~ 312.000OZ of Gold.
~1.2 billion T of Magnetite shared with Hancock Prospecting and Hawthorn.
JV with Hancock on LI prospects at MT Ida corridor.
Few good lands around WA.
So How much is chance of success???
What down turn could be on our way?
Would NMDC ever be thinking of taking over once mining began?? what happens to SHs if that happens?
Ideas?
DYOR.
GLTAH
L
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Mkt cap ! $78.09M | |||
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