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Total outstanding LCY shares


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

Total options



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




Note: Eastern BIF hasn't been drilled yet.


Hamersley Project valuation



Robertson Range Project Iron ore + Manganese



South Laverton project



East Kimberley project



50% of Wonarah Phosphate project



min. 50% of coking coal project



Ridley Iron Ore project




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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