Ann: Significant Drill Results at Mt Celia-LCY.AX, page-88

Did they ever do a scoping study on what sort of Fe prices were needed to make Mt Ida a goer? Given the enormous cap ex of Magnetite I'd think it would be $120-$140/t? So will need Iron Ore prices to go for an almighty run to get value there?

As for an investment vehicle well if they haven't done anything in years well I'd have to agree with you it's pretty unlikely they will change their spots all of a sudden

Still think though SGQ find something next door then through sheer dumb luck of holding the ground adjacent LCY will do well