How do we know that is the strategy? I mean to say, what evidence do we have that LCY will develop Bevan? If the strategy was obvious, leading to Project execution, the SP would be much, much higher.
I don't think they intend to develop it, short term, at all. It is a massive, but seemingly uneconomical, resource.
News: LCY Legacy Iron Ore Ltd Receives Binding Applications For #3.15 Mln Via Placement, page-14
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