LCY - Legacy Iron Ore

[Dona Ferentes]

Not much action here? ..Maybe 2013 will be the year for Legacy????

its now 2024. The Indians, the Gina, the wait....,

3 year chart (ignoring any calls on capital):

.

MT BEVAN MAGNETITE JOINT VENTURE COMPLETION OF PREFEASIBILITY STUDY​

HIGHLIGHTS
• Financial analysis has determined a mid point NPV of $A1,674M, within a range of (A$740 M) to A$3,634 M; this range is highly sensitive to the model’s assumptions for long-term iron ore benchmark and premium pricing.
• Capital investment is estimated at AUD $5B (USD $3.3B)
• C1 operating costs of AUD $99/DMT (USD $64/DMT) for a 12mtpa operation.
• According to metallurgical testing, the Project can achieve a Direct Reduction Iron product grade of >70% Fe, <2.5% Si at 45µm grind size with the potential to obtain a significant premium.
• Study incorporates recently announced total Mineral Resource Estimate of 1,291 Mt

... and the in the AFR today

On Tuesday, Hancock’s share in the magnetite joint venture increased from 30 per cent to 51 per cent following the completion of an initial study into producing an iron ore product considered particularly suitable to make green steel.

ASX-listed Legacy Iron Ore, which is controlled by the Indian government’s National Mineral Development Corporation, owns 29.4 per cent of the venture and Hawthorn Resources owns 19.6 per cent

I may be mathematically challenged, but isn't that equal to 100 per cent? So is it still listed? ((care factor Zero))

Also, they're getting argy bargy saying red tape is holding up a green project. Bribe signal?