I can try to answer some of your questions based on the knowledge I have but this is NOT an financial advise.
No it is NOT possible to build a mine and start digging at Mt Bevan in 1-2 years time frame; also you will need to transport the ore to a port (e.g. Esperance Port) which would have to be upgraded to cope with the extra ore and ships.
Transport also means RAIL LINK which won't we available (see AGO Rail access problem in the Pilbara region).
And last but not least is the current 'Iron Ore Price' which would renders this project 'Not Commercial' or useless at the moment.
You could also point towards BHP, RIO or FMG for the LCY Project failure if you wish but I see thing a little bit more b&w and say this is prestige thing for the Indians as in owning a part of AUSTRALIA and a lifestyle company for LCY Management.
Again my opinion and my fault I got caught up in this, just don't ask me to support this co....
I can try to answer some of your questions based on the...
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Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $887 | 88.66K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10231 | 1.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1091725 | 2 |
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