Agree DGH,In addition, the Corporations Act and the ASX listing...

Agree DGH,

In addition, the Corporations Act and the ASX listing rules prevent a related party from obtaining any benefit that is not on commerical terms without going to shareholders.

So the purchase of iron ore by NMDC on the cheap cant happen because NMDC is a related party.

They will be forced to buy at market price from Legacy.

Now, they may get some of the benefits back if LCY pays a dividend out of those profits, with NMDC picking up half of those dividends, but I wont be complaining.

If LCY is paying dividends, it means we are making serious money, and if that is the case, the market will start to value us on a P/E basis of between 7 and 15 times earnings.

All is very positive.