Good volume today.Accumulators are finding a few traders who are...

Good volume today.

Accumulators are finding a few traders who are prepared to sell. The accumulators are in for the much bigger gain.

The traders are comfortable with a quick turnover.

IMO we're headed for 40cent plus. That will price LCY at about $100 mill which in incredibly cheap.

LCY will be worth a heap more than $100mil.

Mt Bevan alone with its' access to rail & shipping via Port Esperance and a probable 1.5 billion tonnes of iron ore will probably rate LCY in the $200-$300 mill valuation.

Seems amazing, but that suggests a valuation per share way above 40 cents, and that's not even valuing the Legacy Pilbara Iron & its' gold projects.

All possible to achieve with the addition of a major partner such as NMDC. Indications are that negotiations for a deal with NMDC has already reached a satisfactory resolution. (note yesterday's announcement re CEO & major shareholder Sharon Heng).

It is a real pleasure being on board.