You all forgot.
LJ is the jewel in the crown
a label put on it by LEGEND CEO DS in 2014 who acquired it from Norilsk in SECRET for a year until June 2014 then kaboom an easy 4-5 MBer runup
LJ is a massive tenement bigger than Nova worth $4B to IGO now, LJ has:-
- the same size MILL as Nova 1.5MTpa but only used for 4 years 2009 to 2013
- LJ is a "turnkey" operation restartable in months (as coined by DS in 2015 also, see BFS 2015)
- way higher grades of NI at EA 14kt at 4.1% (see 2014 BFS) & at AR 5.1% even better v Nova of 1.9% and going to 1.3% (used to be 2.1%)
- an airstrip
- crushing & flotation circuit
- 200 person staff camp (even AFTER camp parts taken to BSwan)
- numerous buildings, staff rooms and toilets
- sealed roads access & large UG entries
- 14KT nonJORC resources at EA mine as defined in the 2015 BFS by DS worth $406M revenue in situ alone
- 90KT JORC resources at MH mine still
- 2 prior producing mines at MH & EA
- a monster 13km of strike length at WUU just discovered
- a monster AR mine discovery which LEGEND geo NH described in 2015 POS AGM as a Flying Fox but horizontal
(NB- FF has produced over $2B of revenue for WSA IGO last 12 years, valued at $600M)
- hit Li in 2016 and still has large Li deposits
- can convert its MILL to Li production easy
MINRES has put LJ and its assets in flouro skylights now but lost a fortune on it itself, a great free PR trip for cheap POS,
MINRES OWES POS BIG TIME, I was SPOT ON !
You all on here forgot. but the POS management haven't forgotten,
LJ is the jewel in the crown.
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You all forgot. LJ is the jewel in the crown a label put on it...
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