Fastha - Thank you for your opinion -
Below is my version, I am attempting to join dots nothing more and try to come up with my timelines
1. From nowhere, Mr.Nanda decided to come up with an announcement with a mix of reality,positives and some what negative ( or delayed Mt Bevan project).
2. Secondly, he believes 2015/16 will be maker for LCY
3. Thirdly, Mt Bevan will need to be funded by lcy
4. How can LCY fund it ? I guess NMDC plan to fund/buy producing assets under LCY ?
5. Recently, Indian Minister visits Rio and Huntley Mines and LCY office
My timelines for Mt Bevan is around 2019-2022. There is good possibility that NMDC buy out some producing assets and get ball rolling/REMOTE CONTROLLING LCY.
LCY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
