Im not sure the Iron Ore is viable at those prices though is it?
Still think gold or a new project is the only way forward until Iron Ore really recovers if it ever does
I agree with you though with $6m+ cash in the bank = 0.45c a share and resource stocks mostly coming off their lows I think LCY will offer good potential if management end up doing something, though Im sure most long termers will say they wont as they have failed to do anything and maybe they are right but thats where you take the risk for the punt
LCY Price at posting:
0.5¢ Sentiment: None Disclosure: Held
