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LCY - LEGACY IRON ORE LIMITED


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Total outstanding LCY shares

579,783,502

536,841,606 (after share buy back at $nil cost)

Total options

~220m

 

Total tradable LCY shares 134m approx. (excludes holdings from NMDC, directors and other top20 holders)

 

Cash: ~$19m

Available loan: $200m (awaiting for confirmation)

 

 

Mt Bevan valuation

2.26Bt @ 27.58% Fe (cut-off rate 15%)

$0.48/t of contained iron

60% interest of this project gives LCY value of $179.513m

 

http://www4.picturepush.com/photo/a/7520447/640/7520447.png

 

Note: Eastern BIF hasn't been drilled yet.

 

Hamersley Project valuation

$0.6m

 

Robertson Range Project Iron ore + Manganese

$1.46m

 

South Laverton project

$5.54m

 

East Kimberley project

$0.48m

 

50% of Wonarah Phosphate project

$??m

 

min. 50% of coking coal project

$??m

 

Ridley Iron Ore project

$??m

 

 

overall valuation: $187.613m or $0.325 per share before share buy back or $0.35 per share after share buy back

 

even we half the valuation of Mt Bevan project as LCY hasn't earn the 60% interest yet, it's still $0.17-$0.18 per share.

 

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