LCY
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6.67% 1.4¢ legacy iron ore limited

Good point Golden.If the Janaury JORC comes out at...

  1. TheAdviser
    80 Posts.
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    21/12/11
    10:21
    Post #: 9469602
    Good point Golden.

    If the Janaury JORC comes out at 30/50/100/200%% bigger, then the value of the project is only going to go skywards.

    LCY has paid $1.5m placement 2 years ago + spent probably $2.5m on the JV, and now will spend another $5m.

    total cost of $9m to get 60% control of a $200m project, which is likely to increase in January.

    clever
    LCY Price at posting: 11.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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