23 Jul 2011

LCY Chart 22/7/2011



Weekly chart above shows potential breakout the downtrend resistance line and back above the green uptrend line next week.

Average weight recovery of 44.63%
Iron concentrate grade averaging 69.8%
Overall Exploration Target for magnetite revised to 1.5-2.0Bt grading 30%-40% Fe
Next phase drilling planned for August 2011

NMDC  Deal
By end of next week 29/7 or early August, we should how much NMDC would pay for how many percentage of interest in LCY

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