LCY legacy iron ore limited
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Good question Schubox, but at this stage we own zero until we...

  1. zmans
    15,156 Posts.
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    15/10/11
    00:09
    Post #: 9144368
    Good question Schubox, but at this stage we own zero until we finalise our commitments to Mt Bevan, however after reading that Indian article today I think with NMDC backing it looks like they want LCY to complete their end of the JV asap. What this means for the JV to me is there will be 2 scenarios:
    1. HAW come up with 40% of funding for the next stage.
    2. LCY take out the rest of Mt Bevan from HAW.

    If you were a multi billion company what would you do...?
    LCY Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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