LCY 0.00% 1.0¢ legacy iron ore limited

Ann: South Laverton exploration program commences, page-12

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  1. 205 Posts.
    They are doing this because of tenement obligation to hold, not with intention of finding the deposit. They need to do exploration activities and minimum amount has to spend as a tenement obligation by DMP. This is not new tenement. They must have done numerous time of surface sampling and target generation.

    As I said, they know only sampling. Same think they did for magnetite deposit. We never got the outcome results of surface sampling and target generation for DSO product. May be results could be negative or they didn’t find any DSO target.

    If they can’t add any value for the shareholder. They might as well move on and give to someone who is capable.
 
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