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
Ann: Significant Drill Results at Mt Celia-LCY.AX, page-88
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LCY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $20.12K | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1247812 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1631846 | 3 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| LCY (ASX) Chart |
