The post says Mt Weld is worth $1Bn based on the Malawi acquisition price. My point is the acquisition does not make any sense, let alone the price. There is one reason why it does, but I am not going to go there.
And Anaconda sold it in 2000 or so. Look at the money LYC has spent on it since then, including running a head office in Sydney with substantial and unnecessary overheads. Compare their admin costs to their exploration and development costs.
Perhaps that is good management and not the projects fault.
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