LCY 6.67% 1.4¢ legacy iron ore limited

spin of gold, page-25

  1. 1,537 Posts.
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    Simon....it is pretty simple how it is going to re-rate according to Legacy....


    50% Share Holder with 4 Billion in cash reserves giving strong ongoing support to Legacy
    200 Million LOC
    Acquisition of income producing assets
    Spin off of gold & other projects other than Mt Bevan into a new company
    Coal projects in Qld
    Mt Bevan - JORC compliant Indicated Resource of 322Mt at a
    grade of 34.7% Fe with high mass recovery of 44.2%

    Have a read of these
    http://www.asx.com.au/asxpdf/20131120/pdf/42l07l3g54m8v4.pdf

    http://www.asx.com.au/asxpdf/20130131/pdf/42cqwqlst31x12.pdf


    So according to Legacy the future is going to be quite alright.







 
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