LCY
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0.00% 1.1¢ legacy iron ore limited

Ann: Quarterly Activities Report - December 2016, page-25

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  1. BrayWyatt
    6,575 Posts.
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    15/02/17
    21:02
    Post #: 22647806
    They have no way to export the 10MTpa needed to make the magnetite project viable. They needed to concentrate on DSO drilling a long time ago. Most other companies stopped exploring for magnetite once they hit 1bn but not these guys.
    LCY Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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