Legacy was offered a deal for Mt Bevan by Jupiter mines however...

Legacy was offered a deal for Mt Bevan by Jupiter mines however Gupta refused saying it was too low (read * article December 16 2020)...

"..NMDC is currently cashed up as iron ore prices soar once again. Who knows — maybe that “opportune time” is coming soon.Legacy chief executive Rakesh Gupta says the company is currently focussed on Mt Celia. But he also recognised that neighbouring Mt Bevan is Jupiter Mines’ (ASX:JMS) high grade Mount Mason iron ore project, which the miner is demerging into its own ASX listed company.This new IPO would develop Mount Mason “on a fast track basis”.Here’s the kicker: this hematite deposit runs over the boundary into the Mt Bevan tenure.“We have about 10 per cent of that [deposit] and 20 per cent of the deposit is common – they cannot mine it without our consent,” Gupta says.“We have previously spoken with Jupiter but they did not offer us a good deal, so we decided not to do anything [at the time]. Maybe we can talk again.”Or Legacy and Hawthorn could work out another development opportunity.“If [neighbouring mine developer] MacArthur Minerals. (ASX:MIO) build the Lake Giles project we may get easy access to the railway line and the port,” Gupta says.“We have not decided anything yet, but there is a possibility.”

So after Jupiter mines lists a new cpy specifically for its iron ore products without MT Bevan what then. NMDC show little willingness if any to act upon the assets that exist even at the current $160US per ton. They have a current producing iron ore mine in India.....why spend more in Australia.

Shameful.....