LCY 0.00% 1.4¢ legacy iron ore limited

shame on you, page-111

  1. 4,803 Posts.
    rabbit i think we all know (haw and lcyers) that the mou is for 50% of lcy and not 50% of mt bevan. but if you take away mt bevan what really do haw and lcy have? a few small jorcd gold tenements. haw has a few other things that are doing nothing and so does lcy. sure lcy has rr and hamersley which are being touted as highly prospective (aren't they all) but how much would it cost and how long would it take to drill it to the same stage as mt bevan? then what is the risk it doesn't turn out anywhere near as quality an asset as mt bevan.
    any s/t gain or pain will be shared by both imo.
 
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