equation is simple - if NMDC has to get iron ore where else they can get it from ? I am not saying it may be from bevan, but if it is australia, then it has to be via lcy. Having said that - do you guys know that the World's best iron ore is actually ore in India. I just found that out yesterday while researching.
Making a hole into the mt bevan is expensive, but buying AGO or any other ore is feasible for cash rich NMDC.
Lincoln - I disagree with you that boom is over, I think there is at least 1 boom remaining or at the most 2 before it starts crumbling . No i am not citi guy.
LCY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
. No i am not citi guy.
