LML 0.00% 0.7¢ lincoln minerals limited

didn't realize that Guidos, thanks for the heads upAlthough a...

  1. 7,117 Posts.
    didn't realize that Guidos, thanks for the heads up

    Although a small project ie 1M-3Mts@62% Fe+

    At current Fe price levels, margins of $60/t could be achieved

    The NPV of that would be $37m-$110M

    1M-3Mt's@62%Fe = 620kt-1.86Mts Fe @ $60/t Margin = $37m-$110M

    So while Dessah is small, size aint everything as that NPV is about 20c - 50c a share value to LML for its 50% interest
 
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