LCY 7.14% 1.3¢ legacy iron ore limited

mt bevan east west

  1. 99 Posts.
    1.6 Billion inferred resource @ 30 odd %.
    This only from the Western BIF, which as stated by shazza "As a result, Legacy has high confidence in increasing and efficiently converting the JORC resource status with further drilling"... Who knows how big this is... wouldnt surprise me in the slightest if they drill out another billion + from it going by the drilling results and diagrams so far.

    BUT

    The Eastern BIF has not been drilled at all yet.(looks huge!)

    and

    Mt Alexander (to the north of the Western BIF) on the tenement has not been drilled.

    I shudder to think how big all this together could potentially be, and cant wait for a few exploration drill holes at the eastern bif and mt alexander, they might not be as good... but who knows until its drilled!

    This will supply NMDC with iron ore for decades.

    Gotta love a managment team that gets things done.
 
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