Today, NMDC is around Rs.130.00 that equates to just round $3.00 AUD. From here, NMDC wants to more than triple the production of iron ore, hypothetically that equates to $9.00 AUD. Even if LCY get its little bit of it's share that NMDC has promised such as any buy-outs in OZ will be done via LCY, I reckon we should be $1.00. Of course, this includes some percentage of hype price. Check out the share price of FMG during bull markets and compare the iron-ore price, when FMG was around $12.00 iron ore was around $50.00. The next bull market in iron ore will be awesome, in my view bull has just started to fill gas. Check out the trades in HAW and LCY, you will know how someone is trying to suppress price. I think they know more than we do... nothing has changed and suddenly we are seeing buying interests in HAW and LCY.
LCY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
