With the upside trend in IO:
Legacy Iron Ore has an approximate 1.47 billion shares on issue ,in which 78.56 % of it belongs to NMDC .
The NMDC (National Mineral Development Corporation) Limited is a state-controlled mineral producer of the Government of India. It is owned by the Government of India and is under administrative control of the Ministry of Steel.
As per recent reports NMDC is planning to undertake overseas mining in Australia or USA.
http://www.thehindubusinessline.com...old-diamond-tungsten-mines/article9984169.ece
LCY Currently has cash around 4 million Au$ ,and additional shares held in HAW .
The calculation of the increased Inferred Resource is in line with the previously announced Exploration Target for the Western BIF of 1.5 - 2.0 Bt grading between 30 - 40% Fe.
Also additional Gold estimates:
This is also adjacent to highly prospected SGQ lease.I do believe this is the most undervalued IO stock on ASX .
DYOR
GLTAH
TT
With the upside trend in IO: Legacy Iron Ore has an approximate...
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