But what does HAW becoming a gold producer have to do with Mt Bevan especially given that LCY have effectively mothballed the asset? Also, even if LCY did acquire Mt Bevan, do you seriously think that it would make a difference to the shareprice? Iron Ore is dead for small caps and will be for another 10 years at least, NMDC will let Legacy run out of cash and then just assume the assets for chump change..
As for processing, they'd be using Saracen Mineral's Carosue Dam processing plant which is only 35km away rather than constructing their own facilities...
LCY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
